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Trump threatens BRICS: 100% tariff if dollar flies!
A leading economist predicts the future of the BRICS currency and the possible impact on the US dollar.
Trump threatens BRICS: 100% tariff if dollar flies!
BRICS earthquake on the way! Presidential candidate Donald Trump explodes the world stage with attacks on the BRICS bloc! The billionaire real estate tycoon is threatening a 100% tariff hammer on all goods shipped to the USA if the BRICS countries ignore the US dollar and instead use their own currency for global trade. This step could put America in an economic state of shock - an embarrassment for the number one superpower!
But the expert opinions cloud the revolutionary project. Top economist Abhishek Upadhyay of ICICI Securities PD warns about the bleak future prospects of the new BRICS currency. The alliance is an explosive mix of geopolitical contradictions that makes uniform currency stability impossible. In fact, India, although a member of the group, remains skeptical about the de-dollarization plan and continues to stick to the US currency so as not to endanger its own economy. "A common BRICS currency? A pipe dream!" explains the article from watcher.guru.
It remains to be seen whether the BRICS currency actually has what it takes to dethrone the US dollar from its global throne or whether it will remain a tempting illusion for developing nations. Political and economic tensions are rising, and the world is holding its breath for the showdown of the giants!