Trump's trade war: will the dollar lose to the BRICS?

Trump's trade war: will the dollar lose to the BRICS?

Donald Trump against the BRICS! The US President-elect will go into battle mode in 2025 and demand a commitment from the BRICS countries not to create a new BRICS currency or replace the US dollar. Trump garnishes his threats with a big tariff hammer. But a Bloomberg analyst warns: Trump's move not only threatens the BRICS, but could also harm the dollar itself. In a dropped tweet on “Truth Social,” Trump made it clear: Without the Mighty Dollar, there would be no more business in the “wonderful” US market – otherwise there would be a threat of 100% tariffs!

As Trump tightens the reins, there is headwind! South Africa and India's foreign minister are reassuring: no plans for a common BRICS currency and no interest in spitting in the dollar's soup. Russia's Putin also speaks out: The bloc is not chasing the US dollar. But the dollar's strength is weakening significantly: the 2020 pandemic shook the currency severely. There is more about the connections at watcher.guru.

Ironically, Trump’s strategy of preserving “glorious dollar dominance” could further fuel de-dollarization fervor. More and more states in the BRICS bloc are flirting with national currencies for international trade. Russian sanctions have already pushed Moscow to push more local currencies. Dmitry Peskov says: The requirement to use local currencies could soon become common practice around the world. Global trade is hungry for alternatives to the dollar - and Trump is unintentionally fueling this development. As the BRICS rally, the question remains: who is really the biggest threat to the green dollar?