BRICS challenges U.S. dollar dominance, facing threats of 100% tax from Trump.
Trump warns BRICS countries of harsh consequences if they reject the U.S. dollar.
Experts fear Trump’s duties could disrupt global trade and hurt the U.S. economy.
The ongoing battle between the BRICS nations and President-elect Donald Trump over the dominance of the U.S. dollar in global trade intensifies as both sides brace for potential economic impacts.
BRICS nations are actively working to reduce their reliance on the dollar. In response, Trump has issued a strong warning, threatening 100% tariffs on goods from these countries if they proceed with alternative financial systems.
Russia Defends BRICS Strategy
Russian Deputy Foreign Minister Sergey Ryabkov addressed Trump’s threats, asserting that BRICS is not trying to challenge the U.S. dollar directly but instead reacting to U.S. economic policies. In an interview with Tass, Ryabkov explained that the bloc’s actions result from Washington’s decisions, destabilizing the global financial system.
Ryabkov echoed Russian President Vladimir Putin’s stance, accusing the U.S. of undermining global economic stabili…
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