President-elect Donald Trump, who will take office on January 20, 2025, issued a warning to the BRICS, pointing out that, during his term, the United States will not sit idly by while other countries try to replace the dollar.
Through your account in X, Trump warned that he would impose tariffs of up to 100% to the products of all countries that create or support a new currency intended to replace the “mighty dollar.” In addition, he stated that these countries should say goodbye to sales to the “wonderful American economy.”
Trump made it clear that will not accept any type of competitor in the world economy. In his capacity as the next leader of the largest world power, he made the demand to the BRICS, made up of other superpowers, such as Russia and China.
It should be noted that This is not the first time Trump has threatened tariffs of such magnitude.. Last September, he stated: “If you abandon the dollar (…) we are going to impose 100% tariffs on your products.” Although he made these threats as a candidate, he now repeats them as president-elect, according to reported CryptoNews.
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Trump on his X account made his intentions clear for his new term. Source: x.com/@realDonaldTrump
Trump vs de-dollarization
Dedollarization is one of the major challenges Trump will face during his term as the nation’s 47th president. Since the BRICS, attempts have been madeeither reduce the use of the dollar or look for an alternative.
Before November 5, the date Trump was elected, the advance of the new BRICS currency seemed to be going from strength to strength. However, after his victory, the project changed course.
In less than a week, after the electoral event, Vladimir Putin, Russian president, who in the past has shown to have good relations with the United States, denied the advances towards dedollarization of the economy. He stated that They only seek to reduce dependence on the dollar in international payments.
Days later, it was learned that the BRICS decided to leave the single currency project, proposed a year earlier. According to the BRICS, The reason was that it was too ambitious a project.
Although Trump is not yet in office, his policies against de-dollarization already appear to be beginning to take effect. Therefore, the implementation of 100% tariffs may not be necessary if an agreement is reached between the parties.
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