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Trump shock: New tariffs cause dollar to fall, BRICS rejoices!
BRICS could benefit from new US tariffs. US dollar falls, gold price rises. Expert forecast: gold boom expected.
Trump shock: New tariffs cause dollar to fall, BRICS rejoices!
The world is upside down! President Donald Trump is pulling out all the stops with new Liberation Day tariffs. A shocking 10% import tariff for all trading partners is causing a stir, but BRICS could emerge as a winner. The US dollar is tumbling while gold is heading for a surge - a scenario that primarily plays into the interests of the BRICS alliance. Years of de-dollarization and localization are now bearing fruit as the group's strategic gold purchases could sell like hot cakes in the geopolitical chaos.
The timing can hardly be better! Trump is threatening BRICS with steep 150% tariffs and insists on maintaining the US dollar as a global reserve currency. But as chaos from Washington drags the dollar into the abyss, financial experts are seeing gold in a bright light. The greenback is experiencing a deep fall, and that is stoking fears of recession like weeds in spring. All good things are gold! In fact, the price of gold has risen to unprecedented highs over $3,000 in recent months! According to economists including JPMorgan and Deutsche Bank, the U.S. economy is heading into recession—the perfect stage for gold prices to break records. There’s more about this economic tango in the article on watcher.guru.