His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.

Summary

Trump has threatened 100% tariffs on BRICS nations (Brazil, Russia, India, China, South Africa, and others) if they pursue de-dollarization efforts, including creating a new currency to challenge the U.S. dollar’s dominance in global trade.

Trump warned these nations could lose access to the U.S. economy.

BRICS members, frustrated by U.S. financial dominance, have explored alternatives, with Russia advocating for a new payment system to bypass sanctions.

Analysts say the dollar’s global reserve status remains secure in the near term despite these challenges.

  • @11111one11111English
    -18•2 days ago

    What would they move to? Fuckin bitcoin lol.

    • macnielEnglish
      29•2 days ago

      Euro, Rupees, Coffee-Dollar. So many possibilities and since the US Dollar isnt tied to Gold anymore any other currency is as valid for global trade. Heck let’s call it credits.

      • ℍ𝕂-𝟞𝟝English
        1•21 hours ago

        The RMB has problems with how it is regulated to be a viable reserve and trade currency for most countries.

        Currently the big contenders are the EUR, the GBP and the JPY if I recall it correctly.

    • @Death_EquityEnglish
      5•2 days ago

      Gold, as is tradition of countries we invade.

        • Flying SquidMEnglish
          2•1 day ago

          If the world traded oil rather than burned it, we would be in a much better position.