- cross-posted to:
- keeptrack
- cross-posted to:
- keeptrack
Summary
Trump has threatened BRICS nations with 100% tariffs if they attempt to replace the US dollar as the global reserve currency, calling them “seemingly hostile countries.”
BRICS, which includes major economies like China, India, and Russia, has been discussing an alternative reserve currency, especially after Western sanctions on Russia.
The power of the US dollar in the world has strengthened recently. It remains the world’s primary reserve currency and there is a huge worldwide reliance on it.
This guy is all stick and no carrot.
It’s like his politics start and end through/with violence.
I wish I could remember - there was an Italian word for it. Oh well.
Have you seen that bronzer?! He must be some carrot, but it’s only skin deep.