The United States President Donald Trump has been raised again against dedollarization. He threatened the countries of the BRICS+ of customs taxes 100 % in the event of continuation of the abandonment of the dollar.
Donald Trump reiterates his threats to dedollarization
Donald Trump declared his hostility to the dedollarization movement initiated in particular by the BRICS+ groupin a publication on its social social network:
“” We will demand a commitment from these apparently hostile countries, which promises that they do not create a new motto of the BRICS and that they do not support any currency that replaces the powerful dollar. Or they will face 100 %customs taxes. »»
The countries of the BRICS+ have accelerated their movement in recent months towards a dedollarization. They facilitated the use of local fiduciary currencies and discussions around a possible common currency are underway.
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Russia had already reacted to a first identical threat from Donald Trump last Novemberbelieving that any attempt by the United States to control the currencies used by the BRICS+ would turn against them.
THETariffs, or customs taxes, are the basis of Donald Trump's economic plan. Canada and Mexico are currently waiting for a 25 % tax confirmation for their exports. The economic battle that the American president wishes to lead is therefore launched.
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Source: Reuters
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Journalist at Cryptoast since 2017, I have been passionate about the challenges of decentralization, privacy and regulation. I specialized in the economy and traditional finance by analyzing how the news in this sector influence that of cryptocurrencies, thus offering a unique and enlightened perspective to cryptoast readers.
Marine Debellor
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