Trump’s 100% Tariff Threat to BRICS: Economic Terrorism or Self-Inflicted Wound?
Former President Trump issued a warning to BRICS nations against replacing the US dollar as the global reserve currency, threatening 100% tariffs on any country attempting to do so. This follows previous tariff threats levied against both BRICS and other nations, including Canada and Mexico. Trump’s statement comes despite ongoing global discussions regarding alternatives to the dollar, fueled by geopolitical events and economic shifts. Studies, however, continue to demonstrate the enduring global reliance on the US dollar as the primary reserve currency.
John Q. Hosedrinker