Trump against BRICS: Is trade war threatening our economy?
Trump threatens BRICS with 100% tariffs. But expert says: De-dollarization is progressing faster, despite US rhetoric.
Trump against BRICS: Is trade war threatening our economy?
Donald Trump launches the attack – The future US president has no intention of holding back! As soon as he was elected, he threatened the BRICS countries with crazy 100% tariffs if they pushed forward with their de-dollarization plan. This could spark a trade war of the highest order! But while Trump is still drunk with victory as he heads towards office, the rotors of the BRICS alliance are running hot and promising: “We will not allow ourselves to be intimidated!” The countries in the emerging markets, which have long since abandoned the dollar, are pushing ahead with their plans at full speed. De-dollarization is not going away under Trump, but could even gain momentum!
Ash Narain Roy, director of the Institute of Social Sciences, dismisses Trump's threats as "emptiness in words." Roy points out that these irrational 100% tariffs could, above all, weaken the economic core of the USA. Because if prices rise, the end consumer will pay the bill - including potential inflation! It is also exciting that BRICS are pledging allegiance to their de-dollarization agenda. The louder Trump's rhetoric gets, the more the ranks of countries behind BRICS grow. as watcher.guru reports. Prepare yourself - it's going to be turbulent!