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.

  • EldritchFeminity@lemmy.blahaj.zone
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    7 hours ago

    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.

    • FaceDeer@fedia.io
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      6 hours ago

      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.