Posted on 11/30/2024 11:46:10 AM PST by marcusmaximus
Donald Trump announced Saturday he would impose a 100% tariff on BRICS nations if they try to replace the dollar in international trade, impacting a group of major developing economies whose members include Russia, India, China and Iran, among others, marking the latest threats by the president-elect to impose tariffs on imports from several countries.
In a post on Truth Social, Trump said the 100% tariff would affect all BRICS countries—Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia and the United Arab Emirates—until they commit to not creating a new BRICS currency or back another currency that could replace the “mighty” dollar.
(Excerpt) Read more at forbes.com ...
When the big dawg barks the pack gets into line. 😏
Minor vs the energy demands of China. The bulk of Chinese energy imports are coal, not gas.
China does depend heavily on the US market. And Russia depends heavily on China.
India said a month or so ago they wanted no part of it...so I’m betting they’ll be the first to come kiss the ring and make nice with Trump.
and if any of these countries get US Aid money , CUT IT OFF ,LOL
Faafo with Trump. Hos US is not going to be pushed around by anyone.
Trump is a Jacksonian. The ONLY thing that matters in his Forieyn Policy is defending America’s interests, that’s it.
The leaching must stop. And yes,even money to Israel should be given in the firm of a loan. The days of us paying for the World ate coming to an end.
The American people were without a champion since Reagan, 28 long years until President Trump came along.
Threatening people into holding US dollars does not indicate strength of the US dollar, or economy. It indicates weakness.
But I don't care about Chinese or Indians. What I do care about is that the next logical step would be Govt capital controls on US Citizens and US assets.
ALL US aid should be payed back in loan from now on. We have spent for the World while being invaded. NO MORE!
There’s probably almost no trade with Russia and zero with Iran. The US needs to find replacement trading partners to reduce trade with China especially with respect to industries critical to defense and infrastructure. I really don’t care about the plastic toys and stuffed animals.
The other countries should be treated on a case by case basis with carrots and sticks.
The World is put on notice, you don’t mess around with Trump’s US. No Nation building, no trying to make the world safe for Globalism or “democracy, no, only what benefits the US. No more leaching bu the rest of the World.
Ridiculous. Weak. It’s like beating somebody to convince him to buy your product.
The problem with the dollar is the Fed. Trump should appoint people who won’t print money. If he doesn’t, the dollar will weaken, and it won’t be some other country’s fault.
We funded the World while the left was allowed to rot us out from the inside. NO MORE! Reckoning are being made!
Making the dollar strong and having people fighting to get it is simple. Stop printing dollars.
Doing something else makes you look foolish and it proves you’re weak.
*** The American people were without a champion since Reagan, ***
Immigration Reform and Control Act of 1986, aka, amnesty for illegals
Annnddd. . . yet another mindless, Slavic ejaculation from FR's resident Zeeper Village Idiot™ and ESL student.
“The idea that the Brics Countries are trying to move away from the Dollar while we stand by and watch is OVER,” Trump wrote in a post to his Truth Social platform on Saturday afternoon.
I like it. With around 50% of our strategic materials coming from mostly Brics countries, we will be paying 100% more to make munitions. We won’t be able to afford these forever wars.
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