BRICS

2024 - 12 - 1

Trump's Tariff Tantrum: BRICS, Don't Mess with My Dollar!

BRICS - Currency Exchange - Donald Trump - International Trade - Tariffs - US Dollar - brics countries - brics currency

When Trump threatens BRICS with 100% tariffs for daring to challenge the dollar, you know things are getting interesting—and a little crazy!

In a surprising move that has the economic world buzzing, US President-elect Donald Trump has targeted BRICS nations with a stark warning. If countries like Brazil, Russia, India, China, and South Africa dare to create a rival currency against the U.S. dollar, Trump has threatened to slap a jaw-dropping 100% tariff on them. This declaration reflects not only Trump’s bombastic style but also a serious concern over the shifting power dynamic in global economics, particularly as these emerging economies continue to gain a larger slice of global GDP.

The tension escalates as a coalition of countries discusses the idea of developing their own currency that could potentially counter the longstanding supremacy of the dollar. Trump’s 100% tariff threat is not just a friendly heads-up; it pins the BRICS nations in a corner, putting their economic ambitions against a wall of hefty penalties. This move has raised eyebrows and sparked debates about the feasibility and fairness of such tariffs, as many experts label it as unrealistic in today's interconnected world.

As economies around the globe discuss alternative trade currencies, the implications of Trump's warning extend beyond trade policy into the realms of international relations and global financial stability. Countries in the BRICS group have been increasingly vocal about reducing their dependence on the dollar, yet the ramifications of potential tariffs loom large, akin to a dark cloud over their aspirations. Interestingly, this has prompted important discussions at international forums about the long-term effects of dollar dominance on trade agreements and economic cooperation.

While Trump stands firm on his ultimatum, India, one of the BRICS nations, remains a key player in navigating this storm. The question arises: how will India react if its economic strategy clashes with the U.S.'s demands? The stakes are high, and this development sets the stage for unpredictable economic fireworks in the months to come. In case you are wondering, did you know that the BRICS economies combined represent about 40% of the world’s population? And here's a fun fact: If they form a new currency, they might just make Monopoly money look like pocket change!

Post cover — Image courtesy of "The Guardian"

Trump threat of 100% tariffs against Brics nations raises trade war ... (The Guardian)

US president-elect threatens retaliation if emerging economies create new currency to rival US dollar.

Trump Demands 'Commitment' From BRICS on Using US Dollar (Yahoo Finance)

(Bloomberg) -- US President-elect Donald Trump warned the so-called BRICS nations that he would require commitments that they would not move to create a new ...

Trump threatens 100 pct tariff on Brics nations in case of dollar ... (Daily Express)

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Trump threatens BRICS nations with 100% tariff if they stop using ... (Free Malaysia Today)

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Trump's threat of 100% customs duties on Brics nations unrealistic ... (Business Standard)

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Trump threatens Brics countries with 100 per cent tariff if they try to ... (Yahoo Finance UK)

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As Trump threatens 100% tariffs, where India stands on Brics ... (India Today)

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Trump threatens 100% tariff on BRICS (台北時報)

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Trump threatens 100% tariff on Bric nations (BBC News)

US President-elect Donald Trump has threatened to impose 100% tariffs on a bloc of nine nations if they were to create a rival currency to the US dollar.

Trump threat to BRICS: Give up idea of replacing dollar or face 100 ... (The Indian Express)

SETTING THE stage to counter any challenge to the dollar's domination in global trade, US President-elect Donald Trump has threatened the BRICS grouping, ...

Morning Bid: Trump's BRICS warning shines light on emerging FX (Yahoo Finance)

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World Trade War II: Go find another sucker Trump warns the BRICS ... (FXStreet)

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TOI explains: What's behind Trump's threat of 100% tariff on Brics? (Times of India)

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Trump's BRICS warning shines light on emerging FX (New Straits Times Online)

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Trump demands 'commitment' from BRICS (The Star Online)

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Another BRICS in the trade war wall (FXStreet)

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Trump threatens 100% tariff on BRICS nations in case of dollar... (The Malaysian Reserve)

US President-elect Donald Trump issued a warning Saturday to nations that he would impose a 100 per cent tariff on any BRICS country that attempts to move ...

Trump threatens BRICS nations with 100% tariffs if they try to ... (FXStreet)

US President-elect Donald Trump wrote on his social media platform, Truth Social, on Saturday, demanding the BRICS countries use the US Dollar (USD) as ...

Trump threatens 100% tariff on BRICS countries if they pursue ... (CNN)

President-elect Donald Trump said he would require countries that are part of BRICS — a China- and Russia-backed group of emerging economies — to commit to ...

Gold slips as Trump's BRICS currency warning boosts US dollar (Creamer Media's Mining Weekly)

Gold eased, pressured by a rising US dollar after President-elect Donald Trump warned the so-called BRICS nations that he would require commitments that ...

Donald Trump threatens BRICS nations with 100pc tariffs if they ... (ABC News)

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Russia's VTB CEO says BRICS summit was a slap in the face for the West (The Straits Times)

MOSCOW - A summit of the BRICS countries held in the Russian city of Kazan in October was a slap in the face for Western nations which imposed sanctions on Russia, the CEO of Russia's second largest lender VTB Andrei Kostin told Reuters in an interview. " ...