Donald Trump's pressure on countries around the world to remain tied to the financial system based on the US dollar may have the opposite effect, market analysts warn. Bloomberg reports this.

The dollar is likely to dominate the global economy in the foreseeable future, and the idea of creating a single currency for developing countries remains at the level of discussions, said Mark Sobel, a former US Treasury official with 40 years of experience in currency policy.

However, Trump's recent actions carry the risk of undermining the dollar's position and increasing the likelihood of such agreements, as they prompt countries to seek ways to avoid the influence of the American currency.

"This is not a good sign," wrote Brad Setser, a senior fellow at the Council on Foreign Relations and a former official at the US Treasury during Barack Obama's presidency. "This indirectly raises the status of a non-existent threat and indicates a lack of trust in the dollar," he noted.

Over the weekend, Trump warned BRICS countries that if they create a new currency, then BRICS countries would face 100% tariffs.