Trump threatens BRICS with tariffs if they replace US dollar
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.
https://www.dw.com/en/trump-threatens-brics-with-tariffs-if-they-replace-us-dollar/a-71464802Open linkView original on lemmy.world176
Comments53
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.
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. :/
In a world United against the US, there's no war the US can wage effectively. There's only so much power you can project from aircraft carriers, and nukes are essentially off the table.
BRICS was also designed for exactly this scenario; a rogue US finally showing its whole ass to the world. They'll survive regardless of what the US tries, whether it's sanctions, tariffs or invasions.
It was created to diversify the commercial relations of those countries, decentralizing them from US/Europe.
You can call that "protection against a rogue US", but it was much more of a "we will never get rich if those two control everything we do" thing.
It's less "we will never get rich", which is objectively incorrect given China is part of BRICS and was rich long before brics was created, and more, "why the fuck is less than 8% of the world entitled to the wealth of over 60%?"
You appear to be saying that only the US starts wars? That's not the case.
That's not a common interpretation of those words in that order, which would be fantastic if there were a competition for most unique and obtuse construing of sentences; however whether or not such a contest exists, this isn't a part of it.
You said:
What about the wars that the rest of the world wage?
If the world is united against the US, why would they go to war with each other? They would all have a common enemy in a belligerent country run by an egotistical maniac.
Nothing unites people like a common enemy. Just look at how the Republicans get voted in and how Trump got elected again.
There are more things going on in the world than the United States. Countries can focus on more than one issue at a time.
Besides, if the US goes the "tariff everyone! Yay isolationism!" Route then the rest of the world doesn't need to do anything. The US will have defeated itself for them.
...it's not a part of the discussion. Do keep up if you're going to weigh in. I know English sucks, and it really does, but it's the easiest language to learn the basics of for a reason
That's their idea. BRICS know they can't beat USA in a straight on fight. But using a different economic model, set up alternative trade, USA can be made irrelevant in the long. USA really likes to play for short term gains, what is a weakness that can be exploited, especially with a "it hurt itself in its confusion" leader.
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...
He learned a new word and is using it all the time. Hopefully leaders will grow tired of it and just call his bluffs.
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.
It won't
When we are in an inflation crisis he will just use that to take more power. However he is almost unchecked right now.
Now, that's not true.
You can pick any poor country at random, and you'll find that one policy there with almost no exceptions.
You're right, I wasn't thinking about colossal shitholes.
I predict a huge collapse of the us dollar before his term is up
The BRICS are already trading without dollars. They might price things in USD, but the actual trades don't use USD.
But is he really gonna tariff 55% of the global population?
The world economy will just adjust to operate without the USA. It will be painful and take a few years, but it will also be irreversible.
To be frank, we don't need a global reserve currency in this digital age. Businesses and consumers can cheaply trade any currency pairs with minimal costs.
The dollar's status is a leftover from the past.
us is going to run out of people to trade with at this rate
Is time for the new and revamped BRICCSM to be a thing (annexing Canada and Mexico)
ah yes, more lebensraum. i hate this timeline
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.
Hahahahahahaha
This guy is trying to level the country that elected him, isn't he?
Yes, that is my understanding of project 2025.
Can I offer you an encouragement biscuit?
Thank you, but I had therapeutical pizza yesterday.
That sounds delicious. What treatment toppings did you administer?
Rocket, Parmigiano Reggiano and Prosciutto crudo. It helped ease the pain.
Rocket?! To the moon, Elon. The rest of that sounds like woke foreign shit. /s
Thank you for your kind offer, but before I accept: what am I looking at here?
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.
p.s.
Here is another picture.
Portuguese.
We have, technically, two grape alcohols: distilled wine or the distilled leftovers of the wine making process (bagaço).
I was referring to the second one. It's a clear alcohol, with strenght varying from 21% up to 75% (anything above 41% is technically illegal but privates still make the really hard stuff).
It is supposed to be flavour neutral (if it kills your taste buds it does become, along with everything else...) but in reality it still carries some of the flavours of the grapes/wine and it can accentuate other flavours.
It is used as a secondary leavening agent in traditional pastries, especially for very heavy doughs, as the alcohol evaporates and areates the doughs.
Qu'ils mangent de la brioche!
Jfc, he's like a toddler with a new word, just jamming it in everywhere to see if it fits. Try the keys in the light socket while you're at it, Donnie!
Sure, and if the BRICS countries offer free spaghetti dinners for residents, I'll sprout wings and fly there. This is notoriously not going to happen.
If my grandmother had wheels she would have been a bike
"If you don't stay I will shit my pants so hard that you have to leave"
Shame that he doesn't have the capacity to decide when to shit his pants.
Think China might be thinking it's ready, and that these tariffs only help fuel innovation.
Are we the bad guys?
This guy is all stick and no carrot.
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.
Have you seen that bronzer?! He must be some carrot, but it’s only skin deep.
Ooooh wee, it's going to be a bumpy few
yearsdecades as Der Furher sends us into another once in a lifetime financial crisis.Oh nice, a 110% tariff on China would at least partially cancel out the Canadian and Mexican tariffs while mainly screwing over his own country. I'm all for it!
He looks like he is Self-anointing like some Capuchin Monkey.
If you shirk responsibilities that come with power, you lose that power.
If you abuse trust put in you, you lose that trust.
America is screwing itself.