Trump’s warning of 100% tariffs on BRICS if they challenge the US dollar. 8 Key Facts

By Ibinu Vadakkan Dec 1, 2024

BRICS countries are discussing a new currency. Trump says this could undercut the US dollar's dominance.

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Why does it matter? The US dollar controls global trade—losing that could hurt America’s economic influence.

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Trump's response? A bold threat: 100% tariffs on imports from BRICS nations if they push their new currency.

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Tariffs make imports more expensive. That could mean higher prices for you and me on goods from these countries.

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BRICS nations are trying to reduce dependency on the US dollar. But experts say creating a new currency isn’t easy.

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The US has used dollar dominance as power—sanctions, trade deals, and more. Could that power slip away?

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If tariffs happen, industries like electronics and textiles could face big challenges. How might this impact jobs?

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Some say this is a wake-up call for the US to rethink global trade strategies. What do you think?

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