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Trump fires warning shots: BRICS defies US threats with de-dollarization!
BRICS accelerates de-dollarization despite Trump's tariff threats. How this strategy affects the US economy.
Trump fires warning shots: BRICS defies US threats with de-dollarization!
Donald Trump sounds the alarm! The future US president is threatening the BRICS countries with draconian 100% tariffs if the bloc pursues its de-dollarization agenda. These aggressive tones, even before Trump is officially in office, portend an impending trade war. The US has been imposing sanctions for over a decade, which is why developing countries are now stepping up their measures against economic pressure.
But expert Ash Narain Roy remains unimpressed: Trump's threats are meaningless and only harm the USA by ultimately passing the costs on to American consumers. BRICS countries that have already moved away from dollar dependence could even accelerate the de-dollarization process, as watcher.guru reports. The alliance is determined to pursue its long-term goals regardless of Trump's rhetoric. If Trump continues to expand his cascade of words on trade and tariffs, the BRICS bloc may move even closer together to arm itself against economic threats from the West.
These heated developments raise the question: Will Trump's term in office be a test for the international trade order? All eyes are now on the coming months as the world eagerly awaits the future president's next moves.