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Trump threatens BRICS: 100% tariffs against dollar attacks!
Donald Trump threatens BRICS with 100% tariffs upon de-dollarization to maintain US dollar dominance. Trade conflicts are looming.
Trump threatens BRICS: 100% tariffs against dollar attacks!
Donald Trump is serious! The ex-President of the United States is bringing out the big guns against the BRICS countries and is threatening a staggering 100% tariffs on all goods entering the USA. In doing so, he wants to nip the emerging efforts of the BRICS countries towards de-dollarization in the bud. Trump also announced the creation of a new service, the External Revenue Service (ERS), to collect duties and taxes from foreign countries. More details on this topic can be found in a detailed report on watcher.guru.
BRICS' response to Trump's drastic threat will be exciting to watch. Because if these were really implemented, it could really shake up the global economy. Businesses could suffer huge losses and global competition in the import and export sector could become fiercer than ever before. Trump himself has made no move to underestimate BRICS' ideas for ending dollar dependence and has promised to stop the alliance's advances. The questions now are: Will the BRICS countries give in or will they develop new strategies to continue their plans? One thing is clear: the next few years could be characterized by bitter trade wars as both sides fight for dominance!