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Trump threatens BRICS: Accept the Dollar or face the 'Tax Nightmare'
Donald Trump has issued threats to members of the BRICS bloc, demanding that they accept the US dollar to avoid facing 'tax nightmares'. He plans to increase tariffs on imports from China by up to 60%, which will not only pressure the Chinese economy but also affect other countries in the BRICS bloc such as Russia, India, and Brazil, which are seeking to establish independent payment channels and reduce dependence on the USD in international trade.
Trump argues that the dominance of the US dollar in the global market has been abused, and with national debt rising to $35 trillion, any collapse of the financial system reliant on the USD could have widespread repercussions not just for the US but for the entire world. BRICS, under the leadership of China and Russia, is gradually increasing its strength and could become a real 'monster' opposing the US-dominated economic system.
Donald Trump has issued threats to members of the BRICS bloc, demanding that they accept the US dollar to avoid facing 'tax nightmares'. He plans to increase tariffs on imports from China by up to 60%, which will not only pressure the Chinese economy but also affect other countries in the BRICS bloc such as Russia, India, and Brazil, which are seeking to establish independent payment channels and reduce dependence on the USD in international trade.
Trump argues that the dominance of the US dollar in the global market has been abused, and with national debt rising to $35 trillion, any collapse of the financial system reliant on the USD could have widespread repercussions not just for the US but for the entire world. BRICS, under the leadership of China and Russia, is gradually increasing its strength and could become a real 'monster' opposing the US-dominated economic system.
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