đč US President-elect Donald Trump Takes a Firm Stand
Donald Trump has issued a sharp warning to the BRICS alliance (Brazil, Russia, India, China, and South Africa), urging them to drop any plans of creating a rival currency that could challenge the US dollarâs supremacy in global trade.
đč "America First" Policies in Action
In a statement on November 30, via his Truth Social platform, Trump emphasized:
đ« No Rival Currencies: Demanded BRICS members pledge not to develop or support an alternative currency.
đ Tough Consequences: Threatened 100% tariffs on goods from BRICS nations and restricted access to the lucrative US market for non-compliance.
đč Trump's Bold Declaration
"The idea that BRICS nations can undermine the US dollar while we watch is ABSURD. The US economy is unmatched, and any effort to replace the dollar will face severe repercussions."
đč Protecting the Dollarâs Global Role
Aligned with his campaign promise to safeguard US financial dominance, Trumpâs team is reportedly preparing punitive measures against countries backing de-dollarization initiatives.
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đĄ BRICSâ Push for Financial Independence
đ De-Dollarization Momentum
Since 2023, BRICS has explored reducing reliance on the US dollar by:
Promoting local currencies for trade.
Considering blockchain-based stablecoins for international transactions.
Discussing the use of the Chinese yuan in global trade.
đ Bloc Expansigon
The group recently welcomed Iran, Saudi Arabia, UAE, Ethiopia, and Egypt and has 34 more countries expressing interest in joining.
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âïž A Global Economic Crossroads
As tensions rise, experts predict significant shifts in international trade systems. Will BRICS succeed in reshaping global finance, or will Trump's aggressive strategies maintain the dollar's dominance?