Trump's BRICS threat: Is it hurting the dollar itself?

Trump's BRICS threat: Is it hurting the dollar itself?

A political thriller drama about the global financial market is unfolding! Amid global currency wars, Donald Trump, newly in office, is aiming his torch at the BRICS bloc - but is it really the real enemy of the US dollar? Trump demands that BRICS not replace the “mighty US dollar” with a new BRICS currency. But his plan to impose whopping 100% tariffs could backfire like a boomerang. An analyst at Bloomberg warns: The strength of the dollar depends less on power games than on American reliability. See the latest coverage on watcher.guru.

While Trump is making waves, BRICS is in a hangover mood. South Africa, India and even Russian President Putin claim that they have no plans to weaken the dollar. But the USA could endanger the dollar more with its own economic policy than the BRICS bloc itself. Amid sanctions and economic tensions, countries are switching to their own national currencies and preparing for life without the green banknote. And what is Trump doing? He is stoking more fire by using tariffs as leverage. Global markets are ready for alternatives and countries are willingly switching to local currencies while the US dollar may lose its dominance - find out more in the watcher.guru article.