Trump's tariff trick: Will it help BRICS overthrow the dollar king?

Trump's tariff trick: Will it help BRICS overthrow the dollar king?

Alarm in the financial world! Donald Trump, the future US president, is focusing his threats on the BRICS countries. It requires nations not to create a new BRICS currency or promote other currencies that could replace the powerful US dollar. But the big question is whether these threats could backfire and weaken the dollar. According to a Bloomberg analyst, the dollar's strength lies in U.S. reliability rather than sheer power. A decline in this reliability could hit the dollar hard, writes watcher.guru.

Clarification from the BRICS corner: No declaration of war on the dollar! South Africa and India assure that there are no plans for a common currency, and even Russia's Putin emphasizes that the dollar is not in his sights. Rather, they want to build an independent financial system - out of the shadow of US power. Still, Trump's tariff window threat is casting dark clouds over the American economy. A stubborn tariff policy could lead to the global move away from the dollar, which he actually wants to prevent, watcher.guru also warns.

Russia's spokesman Dmitry Peskov fueled the discussion by emphasizing that more and more countries are switching to national currencies for their foreign trade activities. As Trump tightens the screws, these measures could ultimately harm American industries. The global economy is increasingly looking for dollar alternatives, and Trump himself may be inadvertently driving their emergence. The clock is ticking for the US dollar as an essential trading currency worldwide.