Trump threatens: US dollar at record high, BRICS in distress!

Trump threatens: US dollar at record high, BRICS in distress!

Boom! The US dollar is set to roar back in 2025, defying the bold moves of the BRICS coalition. With experts forecasting a comeback for the greenback, tensions are rising as US President-elect Donald Trump raises the stakes. His plan? Slap a massive 100% tariff on BRICS nations eyeing the ditch dollar in favor of their local currencies. This audacious move is threatening to fortify the Western currency, potentially leaving BRICS' de-dollarization plans floundering. Explosive stuff, right? The background to these changes is: can be read in the watcher.guru article.

For over two years, BRICS has been making waves—expanding and introducing new allies across the global south with a grand vision to curb US dollar dominance. Since 2022, Russia has spearheaded efforts to sidestep Western sanctions and rally its BRICS partners towards economic independence. Yet, experts remain skeptical, pointing out that the mighty dollar’s ​​rise might be unstoppable. The Nomura Securities Global FX Strategy team highlights that high inflation and Trump’s tariff threats might just limit the Fed and shake the economics across the board. Trump's fiery plans have fired up debates, and India's recent step back from a BRICS currency plan could be just the beginning. What lies ahead with Trump’s aggressive chess game on the global stage? More details on this topic can be found in a detailed report on watcher.guru.