Trump is putting BRICS nations on notice, threatening them with a full-blown trade war if they attempt to sideline the U.S. dollar in global commerce.

cross-posted from: https://lemmy.world/post/24960701

In a fiery Truth Social post on Thursday night, the president declared that any country backing an alternative currency would be hit with 100 percent tariffs and effectively cut off from American markets. Trump made it clear there would be no room for negotiation, dismissing any possibility of an international shift away from the dollar.

  • frezik@midwest.socialEnglish
    0·
    23 days ago

    It’d be a good idea for everyone. The plans being floated around the BRICS would just replace US puppet strings for Chinese puppet strings.

    How to get a currency that doesn’t have any one country holding the puppet strings? I dunno. It’s tempting to say crypto, but…yeah.

    • Zero22xx@lemmy.blahaj.zoneEnglish
      1·
      22 days ago

      Yeah as someone from a BRICS nation, I would not trust or put my faith in these people any more than I would American institutions. And I feel pretty confident in saying that even if a BRICS backed currency became dominant, absolutely fuck all would change in the quality or cost of life for the majority of people and the only ones that would be smiling would be the fat cat piece of shit politicians and elites that are already smiling.

    • CheeseNoodle@lemmy.worldEnglish
      0·
      22 days ago

      The clear answer is the Euro, its a decently strong currency and the EU can’t stop bickering long enough to pull off a conspiracy like that.