The post The threats of Trump to the BRICS do not stop the de-dollarizzazione: appeared on BitcoinEthereumNews.com.

The recent threats by Donald Trump to impose 100% tariffs on BRICS members that will support a new currency alternative to the dollar have raised many discussions. Despite the harshness of his statements, many analysts believe that these measures might not be sufficient to stop the process of de-dollarizzazione.  In this article, we will explore the implications of these threats and analyze how the launch of a new BRICS currency could influence the bull and bear cryptocurrency markets. Donald Trump threatens 100% tariffs for BRICS members who will support a new fiat currency A few weeks ago Donald Trump announced that he will fight the idea of BRICS launching a new currency alternative to the US dollar. The newly elected president of the United States has threatened all members of the alliance (Brazil, Russia, India, China, and South Africa) with imposing 100% tariffs if they wish to support the de-dollarization process. The objective of Trump is clear: to dissuade these countries from creating and using a new currency, thus maintaining the dominance of the dollar as the international reserve currency. We remind that the dollar represents about 58% of the world’s reserves, according to the IMF, as well as the main currency for trading commodities like oil. The Tycoon raised his voice on Truth Social, his social platform, formally asking the BRICS countries to abandon this political agenda, under penalty of exclusion from the American markets. “We ask these countries to commit to not creating a new BRICS currency, nor to support any other currency to replace the mighty US dollar, otherwise they will face 100% tariffs and should expect to say goodbye to sales in the wonderful US economy”. The latest tariff threat from Trump comes after he himself threatened to impose tariffs of 25% on everything imported from…

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Filed under: News - @ December 30, 2024 12:19 pm