Former President Donald Trump, the Republican presidential nominee, has made a series of announcements and statements on his Truth Social platform, drawing attention from international trade and politics. Trump’s statements come at a time when the United States is in the process of recovering from the effects of the pandemic and trade tensions.
According to the reports, Trump has stated that any country that moves to replace the US dollar will face a 100% tariff, and even warned them that they could say goodbye to selling in the American market. Trump believes that it’s over for countries trying to move away from the dollar and will take measures to protect the dollar’s strength.
The statements were in response to a post made by the “BRICS Countries”, a group that includes Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates, and is made up of five major emerging national economies that are all building up their economies to take on a bigger role in the international trade.