šØĀ Trump Warns BRICS: "De-Dollarization Will Face Severe Consequences!"Ā šØ$BTC $XRP $THE
Former President-electĀ Donald TrumpĀ has fired aĀ stern warningĀ at theĀ BRICS bloc, threatening economic repercussions if they pursue plans to bypass theĀ US dollarĀ in global trade using alternative currencies or crypto.
š„Ā Trumpās Hardline Stance$
In a post onĀ Truth SocialĀ (Nov. 30), Trump stated:
āThe idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER.ā
He proposedĀ 100% tariffsĀ on BRICS goods and restricted access to theĀ US marketĀ for nations backing rival currencies.
This aligns with Trumpās āAmerica Firstā agenda, aiming to preserve theĀ US dollarās dominanceĀ as the global reserve currency.
šĀ The BRICS Challenge
TheĀ BRICS blocĀ (Brazil, Russia, India, China, South Africa) has been actively discussing alternatives to the dollar since 2023.Key Developments:Exploration of blockchain-based stablecoinsĀ and the Chinese yuan for trade settlements.Expanded Membership: Iran, Saudi Arabia, UAE, Ethiopia, and Egypt recently joined, signaling growing influence.Local Currencies: Focus on reducing reliance on the dollar andĀ bypassing Western sanctions.
ā ļøĀ Trumpās Proposed Countermeasures
1ļøā£Ā Economic Penalties:
100% tariffsĀ on goods from BRICS nations.Severe restrictions on access to theĀ US economy.
2ļøā£Ā Policy Priorities:
Safeguarding the dollarāsĀ global reserve status.Punitive actionsĀ against countries advancing de-dollarization strategies.
š®Ā Whatās at Stake?
Global Trade Dynamics: A shift from the dollar couldĀ reshape economic power structuresĀ and diminish US influence.Digital Currency Revolution: Blockchain-based alternatives could bypass sanctions and challenge traditional financial systems.Escalating Tensions: Trumpās warnings set the stage forĀ economic conflictsĀ between the US and BRICS nations.
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