Trump threatens BRICS with tariffs if they replace US dollar

[microwave@lemmy.world]

Summary

Trump has threatened BRICS nations with 100% tariffs if they attempt to replace the US dollar as the global reserve currency, calling them “seemingly hostile countries.”

BRICS, which includes major economies like China, India, and Russia, has been discussing an alternative reserve currency, especially after Western sanctions on Russia.

The power of the US dollar in the world has strengthened recently. It remains the world's primary reserve currency and there is a huge worldwide reliance on it.

[flyingsquid@lemmy.world]

Tariff, tariff, tariff. It's all he ever does when it comes to any other country doing something he doesn't like. As if that solves all international issues.

Weird how no other country has such a policy and they seem to do fine...

[lime66@lemmy.world]

trump threatens punishing USA citizens if foreign entities do something he doesn't like

[d00phy@lemmy.world]

I mean, if he slaps tariffs on everyone, he may just accidentally bring about world peace when everyone just decides to stop dealing with the US.

[sirico@feddit.uk]

Think China might be thinking it's ready, and that these tariffs only help fuel innovation.

[johnnycanuck@lemmy.ca]

[qyron@sopuli.xyz]

This guy is trying to level the country that elected him, isn't he?

[shinkantrain@lemmy.ml]

"If you don't stay I will shit my pants so hard that you have to leave"

[docus@lemmy.world]

Yes, that is my understanding of project 2025.

[mrkawfee@lemmy.world]

This guy is all stick and no carrot.

[qyron@sopuli.xyz]

Can I offer you an encouragement biscuit?

[asafum@feddit.nl]

Idk, honestly one of the larger selling points to global trade was that you'd be much less likely to want to go to war with someone you relied on. If there is literally nothing connecting you then war is a much "easier" option to choose.

[docus@lemmy.world]

Thank you for your kind offer, but before I accept: what am I looking at here?

[ramblingpanda@lemmynsfw.com]

Thank you, but I had therapeutical pizza yesterday.

[vorlaut_boy@feddit.org]

He looks like he is Self-anointing like some Capuchin Monkey.

[dan1101@lemm.ee]

He learned a new word and is using it all the time. Hopefully leaders will grow tired of it and just call his bluffs.

[breadstickninja@lemmy.world]

Too bad he still doesn't understand the concept behind the word. Hopefully it will bite him in the ass when the price of literally everything goes up.

[qyron@sopuli.xyz]

It's a local pastry. A traditional recipe. I bake it myself.

There is no fixed recipe. It uses plain flour, leavening agent, olive oil, grape alcohol (aguardente), eggs and sugar. The dough itself is to be very low on sweetness.

Everything is mixed together until it forms a heavy batter, that is then spooned onto a oven tray in dollops, sprinkled with sugar, and baked in medium/high pre heated oven.

Goes well with strong, black coffee.

[theacharnian@lemmy.ca]

Hahahahahaha

That's the biggest threat the US is actually facing.

That's how all those big juicy trade deficits are actually funded Donnie, by the USD being the reserve currency and by the rest of the world buying US bonds. Literally what Nixon replaced Bretton Woods with.

So get fucked all the way to Maralago, bitch.

Hahahahahahaha

[bne@lemmy.blahaj.zone]

It's like his politics start and end through/with violence.

I wish I could remember - there was an Italian word for it. Oh well.