US President-elect Donald Trump on social media Real Social He warned BRICS countries that they would face 100% tariffs if they preferred the dollar to their own currencies.
“We demand that these countries commit not to create a new BRICS currency or support another currency to replace the strong US dollar, or they will face 100% tariffs,” the Republican wrote.
Trump also threatened to restrict trade with the United States because these countries gave up the dollar.
Bloomberg at the end of April wroteIt is stated that Trump’s advisors are discussing the possibility of imposing sanctions against countries that refuse to use the US dollar in foreign trade. These measures could include export controls, accusations of currency manipulation and the imposition of tariffs, the article states.
Trump had previously expressed anger at other countries’ decisions to abandon the dollar. In an interview with CNBC in March, he said: statedHe said he would not allow countries to move away from the dollar, likening it to “defeat in a revolutionary war” and believing it would harm the United States.
Previously in the USA appreciated The danger of BRICS countries creating a new currency.
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Source: Gazeta
Emma Matthew is a political analyst for “Social Bites”. With a keen understanding of the inner workings of government and a passion for politics, she provides insightful and informative coverage of the latest political developments.