The elected president of the United States, donald trump, threatened this Saturday to the countries of the group BRICS with imposing 100% tariffs to their products if they try to end the dominance of the dollar.
“We ask that you commit (…) to never create a new BRICS currencyno longer support any other currency to replace the powerful US dollar or they will face 100% tariffs,” Trump threatened on his Truth Social network.
The threat from the new president of the United States came after a BRICS summit in Kazan, Russia, where they discussed the possibility of using other currencies instead of the US dollar for international transactions. Measure that attacks the strength of that currency.
This threat from Trump could be a preview of what relations with the BRICS could be likea group of emergency powers initially made up of Brazil, Russia, India, China and South Africabut it has been expanding. They are characterized by having a commercial and international policy of certain autonomy in relation to the United States.
However, the host president, Vladimir Putinclarified that, for now, it is not in the plans to create a unified BRICS currency. “We are not considering that matter now”Putin said.
Faced with the mere idea of replacing the dollar in BRICS trade, Trump preferred to make clear what the consequences would be. “They’ll have to find another fool! There is no chance of BRICS replacing the US dollar in international tradeand any country that tries it must say goodbye to the United States,” he warned.
Justin Trudeau warned Donald Trump that raising tariffs on Canada will impact US prices
The threat of raising tariffs on products from other countries has already been used by Donald Trump to pressure Mexico and Canada to “control the flow of drugs and migrants.” The Canadian Prime Minister, Justin Trudeauwarned him this Friday that Prices could rise in the United States whether he follows through on his threat to impose widespread tariffs on Canadian products.
“Our responsibility is to point out that (Trump’s proposed tariffs) would not only be hurting Canadians, who work so well with the United States, but also would increase prices for US citizens and hurt US industry and businesses”Trudeau noted.
After winning the presidential elections, donald trump threatened to impose tariffs on products from Canada and Mexico if their governments do not stop the “flow of drugs and migrants” coming from those countries. He even announced that the amount would be 25%.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
