Posted on 12/02/2024 7:25:59 AM PST by marcusmaximus
China has rebuked the United States for destabilizing global finance and leveraging the dollar's dominance as a geopolitical weapon, following President-elect Donald Trump's threat to impose tariffs on BRICS nations pursuing de-dollarization efforts.
"The U.S. has long used its dollar hegemony to shift crises, spread U.S. inflation to other parts of the world, and made it become a geopolitical tool, which damages international economic and financial stability, and disrupts international order," Liu Pengyu, spokesperson of the Chinese Embassy in the U.S., told Newsweek.
He contrasted this with BRICS, which he said would continue to promote economic cooperation and a financial system that is "more inclusive and just."
-snip-
Trump on Saturday fired a warning shot on his X (formerly Twitter) and Truth Social accounts.
"The idea that the BRICS countries are trying to move away from the dollar while we stand by and watch is over," Trump wrote. He vowed to impose 100 percent tariffs on BRICS nations unless they committed to abandoning plans for a shared currency or any alternative to the U.S. dollar.
(Excerpt) Read more at newsweek.com ...
Maybe we should try 100% tariffs. See if that brings the BRICS+ to change course.
The flak is heaviest when you’re over the target: keep at it, President Trump!
That word is an almost guarantee that the speaker is spewing verbal sewage.
“multipolar” is another one.
US tariffs should be used to safeguard American workers and raise necessary federal revenue for proper federal spending.
The US should not impede efforts of foreigners to create better money for themselves.
I present a list of such words and phrases on my profile page.
“The common factor in all your unsatisfactory relationships is you.”
One of my favorites!
A ruble is used as a bookmark in my main English-Russian dictionary.
The ruble was probably worth a dollar when the original dictionary owner acquired it, now it is worth less than a cent.
😀
“Maybe we should try 100% tariffs. See if that brings the BRICS+ to change course.”
The number of Chinese politicians ‘owned’ by the US is?
The number of US politicians ‘owned’ by the PRC is?
“Maybe we should try 100% tariffs. See if that brings the BRICS+ to change course.”
The Chinese would probably like to have more cheap Russian oil and natural gas.
The Russians would like more Chinese-made chattels.
Russia and China bracing for economic chaos as Donald Trump threatens brutal 100% tariffs
https://freerepublic.com/focus/f-chat/4282041/posts
Nothing says we are. Those foreigners however need to be prepared to try doing so without all the benefits that the USA pays for that they enjoy. Tariffs and simply not biting the hand that feeds you may get you a far better return than giving up all that the USA underwrites.
make the dollar stronger and the rest of the world will seek them...
weaken the dollar, and the world will throw BRICS at US.
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