Recently, a tweet from Trump has once again stirred the global financial markets. He claimed that he would impose a 100% tariff on countries that attempt to replace the dollar with other currencies as a means of trade settlement. This statement inevitably reminds one of the old saying: a single stone stirs up a thousand waves.
First, let us turn our attention to the Eurozone. The euro's share in international trade has surpassed 20%, and it should be regarded as the main challenger to "dollar hegemony". If Trump truly intends to carry out his threats, then the EU icon is likely to be the first to suffer. However, this sounds more like a political gimmick rather than a practically feasible policy. After all, imposing such high tariffs on a massive economy like the EU is tantamount to cutting off one's own retreat.
Next, let's look at the BRICS countries icon. These emerging market giants have been exploring ways to reduce their dependence on the dollar, such as by establishing their own payment systems. However, the level of economic integration among them is still insufficient to support a common currency. Therefore, Trump's warning seems more like a punch in the air rather than targeting any specific opponent.
Moreover, it is worth noting that in recent years, many countries have been quietly increasing their gold reserves. This reflects concerns about the stability of the existing international financial icon system. When the United States icon uses the SWIFT system as a tool for sanctions, other countries naturally consider alternative options. This trend actually reflects a deeper issue—the global governance system is undergoing a transformation.
However, the current China-led CIPS (Cross-border Interbank Payment System) is still relatively immature compared to SWIFT, even though it is continuously expanding its influence. Leveraging the BRICS cooperation mechanism to accelerate this process is a wise move, especially considering the complementary advantages of BRICS members in resource supply and manufacturing.
In summary, Trump's so-called "tariff stick" seems more like a performance for a domestic audience. In the face of an increasingly complex international situation, countries need a more pragmatic cooperative attitude rather than threats and confrontations under unilateralism. Only in this way can we truly promote the healthy development of the global economy.#NFT市场回暖