this post was submitted on 30 Nov 2024
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Summary

Trump has threatened 100% tariffs on BRICS nations (Brazil, Russia, India, China, South Africa, and others) if they pursue de-dollarization efforts, including creating a new currency to challenge the U.S. dollar’s dominance in global trade.

Trump warned these nations could lose access to the U.S. economy.

BRICS members, frustrated by U.S. financial dominance, have explored alternatives, with Russia advocating for a new payment system to bypass sanctions.

Analysts say the dollar’s global reserve status remains secure in the near term despite these challenges.

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[–] [email protected] 1 points 3 weeks ago (1 children)

Oil ... No more invasion just give own oil to US in return of any goods from them.

[–] [email protected] 1 points 3 weeks ago

If the world traded oil rather than burned it, we would be in a much better position.