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In a recent statement, former US President Donald Trump reiterated his warning to BRICS countries, threatening them with 100% tariffs if they attempt to replace the In a statement on Truth Social, Trump demanded that BRICS nations abandon these plans. He warned of severe consequences, including 100% tariffs on goods and U.S. President-elect Donald Trump on Saturday demanded that BRICS member countries commit to not creating a new currency or supporting another currency that (Bloomberg) - The dollar strengthened after US President-elect Donald Trump told BRICS nations not to create a currency to rival the greenback. Treasuries fell. In an interview with Fox Business, former President Donald Trump warned that the US Dollar is losing its dominance, coinciding with the recent BRICS ascension that will President-elect vows to penalize nations challenging the U.S. dollar’s dominance, raising trade tensions. Donald Trump has declared his intention to impose 100% As geopolitical tensions rise, former US President Donald Trump sounds the alarm over the greenback’s global position. He pointed to BRICS’s aggressive moves towards

Trump Warns US Dollar Losing Dominance Amid BRICS Ascension: Will 100% Tariffs Follow?

The global financial landscape is shifting, and former US President Donald Trump is sounding the alarm. In an interview with Fox Business, former President Donald Trump warned that the US Dollar is losing its dominance, coinciding with the recent BRICS ascension that will inevitably impact global trade. As geopolitical tensions rise, former US President Donald Trump sounds the alarm over the greenback’s global position. He pointed to BRICS’s aggressive moves towards challenging the established financial order.

Trump Threatens 100% Tariffs on BRICS

In a recent statement, former US President Donald Trump reiterated his warning to BRICS countries, threatening them with 100% tariffs if they attempt to replace the U.S. dollar as the world's reserve currency. Donald Trump has declared his intention to impose 100% tariffs to protect the dollar. In a statement on Truth Social, Trump demanded that BRICS nations abandon these plans. He warned of severe consequences, including 100% tariffs on goods. President-elect vows to penalize nations challenging the U.S. dollar’s dominance, raising trade tensions.

Trump's Stance on a BRICS Currency

U.S. President-elect Donald Trump on Saturday demanded that BRICS member countries commit to not creating a new currency or supporting another currency that could rival the dollar. (Bloomberg) - The dollar strengthened after US President-elect Donald Trump told BRICS nations not to create a currency to rival the greenback. Treasuries fell.

Implications of a Weaker Dollar and Potential Trade War

The potential consequences of the US Dollar losing its global dominance are far-reaching. A weaker dollar could lead to increased inflation within the United States and impact its ability to borrow money internationally. Trump's threat of 100% tariffs against BRICS nations could ignite a global trade war, further destabilizing the world economy.

The unfolding situation demands close attention as the battle for global financial supremacy intensifies.

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