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'It's an economic war on Brics nations': Economist Sharad Kohli weighs in on Trump's threat

IndiaTimes Sunday, 1 December 2024
Economist Sharad Kohli views Donald Trump's threat to impose 100% tariffs on Brics nations over de-dollarisation efforts as an economic war on developing countries. Brics countries aim to reduce dollar reliance by introducing a new currency. Trump's stance aims to maintain US dominance, potentially forcing Brics nations to reconsider their plans.
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Video Credit: Oneindia - Published
News video: 'Say Goodbye to America': Trump Threatens 100% Tariffs on BRICS Nations Over De-Dollarisation

'Say Goodbye to America': Trump Threatens 100% Tariffs on BRICS Nations Over De-Dollarisation 03:38

In a bold statement, US President-elect Donald Trump warns BRICS nations that they will face a massive 100% tariff if they continue with their push for de-dollarization, a concept championed by Russia and China. Trump made it clear that any country trying to replace the US dollar in international...

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Credit: Oneindia    Duration: 03:37Published
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During the signing of the landmark GENIUS Act, President Trump launched a spectacular verbal assault on BRICS, calling the bloc a “little group fading fast”, accusing it of trying to dethrone the US dollar. He reaffirmed his threat of a 10% tariff on any country joining the alliance, claiming the measure “hit them very hard” and caused BRICS attendance to collapse. Trump emphasized the GENIUS Act’s role in cementing American leadership in crypto and finance, proudly noting, “They named it after me!” He portrayed the protection of the dollar's reserve status as vital—comparable to “not losing a World War.” Meanwhile, the newly passed law establishes regulatory clarity for stablecoins, bolstering US dominance in digital currency while rejecting central bank digital currency. Trump delivered his usual bombast: BRICS must never “play games with us.” Critics point out there's little evidence BRICS plans a dollar coup, but Trump’s economic war strategy is on full display. #TrumpVsBRICS #DollarDominance #GENIUSAct #TrumpTariffs #ProtectTheDollar #BricsCollapse #CryptoLaw #USReserveCurrency #StablecoinRegulation #TrumpSpeech #TariffThreat #BricsPay #EconomicWarfare #USFinanceLeadership #MAGA #GlobalDollar #TrumpCrypto #AntiBrics #TariffWar #DonaldTrump ~ED.102~HT.408~GR.122~

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