December 1, 2024 - 12:06
In a bold move, President-elect Donald Trump has threatened to impose 100% tariffs on a coalition of nine nations if they attempt to undermine the U.S. dollar. This warning comes amid growing discontent among these countries and other developing nations regarding America's overwhelming influence in the global financial system.
The U.S. dollar has maintained its status as the dominant currency in international trade, but sentiments are shifting as these nations express their frustrations. In a post on Truth Social, Trump emphasized the need for these countries to commit to not establishing a new BRICS currency or supporting any alternative currency that could challenge the dollar's supremacy. He stated, “They will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy."
This declaration underscores the ongoing tension between the U.S. and emerging economies, as the latter seek greater autonomy in their financial dealings. The potential for tariffs could significantly impact international trade dynamics and economic relations.
