U.S. President Trump's threat targets countries in the BRICS alliance, demanding a commitment against creating a new currency to replace the U.S. dollar, or facing 100% tariffs and exclusion from the U.S. market. The move reflects growing dissatisfaction among BRICS members and other developing nations with America's dominance in the global financial system.
Trump 's threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.While the U.S.
Trump said there is"no chance" BRIC will replace the U.S. dollar in global trade and any country that tries to make that happen"should wave goodbye to America.”
TRUMP BRICS US DOLLAR GLOBAL FINANCIAL SYSTEM TRADE THREATS
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