Putin scoffs at Trump's threats: BRICS relies on its own currencies!

Putin scoffs at Trump's threats: BRICS relies on its own currencies!

A bold exchange of blows between former US President Donald Trump and the Russian leadership is causing a stir! Trump is threatening 100% tariffs if the powerful BRICS alliance turns away from the US dollar. But Russia's President, the steadfast Vladimir Putin, seems to acknowledge this with a mocking grin. “The influence of the US dollar is waning around the world,” Putin said. The once overpowering economic power USA is facing challenges from high-growth emerging countries such as the BRICS countries, which prefer their own currencies. The outlook for the American economy couldn't be bleaker. as watcher.guru reports.

While the US economy is fighting for its global supremacy, the BRICS alliance is focusing on strengthening its own currencies. Russia's president suggests that much has been done under Trump's successors to undermine the US dollar's fundamental role as a global reserve currency. “The US share of the global economy is shrinking,” Putin continued. He denounces American sanctions and the "gun policy" with the dollar that have led emerging countries to organize against the White House. It remains to be seen how BRICS will respond to Trump's threats and what impact this will have on the global economy. There is more about this in the article from watcher.guru.