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Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar (apnews.com)

submitted 2 months ago by [email protected] to c/[email protected]

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Trump is oblivious to the fact that BRICS is now a bigger economy than the G7. The US is no longer an essential part of the global economy.

Increasing trade outside of the dollar is the only way countries can protect themselves from economic coercion by the US. In particular, China can obviously see that the US will go after them the same way they did with Russia. So, it would be suicide to agree to tie their global trade to the dollar.

Meanwhile, China also happens to be a bigger trade partner than the US for most of the world. So if it comes to choosing between the US and China, it's not really much of a choice. Especially given that China exports things people actually need, while the US barely has any manufacturing industry left accounting for less than 15% of the overall economy. The US is a big market, but it's not essential the way China is.

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[–] [email protected] 2 points 2 months ago (1 children)

He literally promised massive instant inflation with his tariffs.

While Elon destroys any safety nets.

Go at it blubber boy really fuck shit up. Demonstrate how to dismantle an economy in real time.

Set the leopards loose.

There are so so many faces to be eaten.

[–] [email protected] 3 points 2 months ago

The US is about to have its own 1991 moment.