Donald Trump just fired a major warning shot at the BRICS nations. The former president—widely expected to be the Republican nominee in 2024—has declared that he will impose 100% tariffs on any BRICS country that dares to move away from the U.S. dollar.
This is a direct response to the ongoing de-dollarization movement within BRICS (Brazil, Russia, India, China, and South Africa). These nations are actively exploring ways to ditch the U.S. dollar in trade and potentially introduce a new common currency—a move that would undermine American financial dominance.
For decades, the U.S. dollar has been the backbone of global trade. It has given the United States unparalleled power, allowing it to print money at will and enforce sanctions with devastating impact. But now, that dominance is under threat like never before.
Why This Threat Won’t Stop BRICS
At first glance, Trump's statement seems like a serious deterrent. A 100% tariff on BRICS nations would significantly impact their exports to the U.S., potentially crippling major industries. However, there's one major flaw in this threat:
It won’t work.
Here’s why:
BRICS countries have been preparing for this moment. They’ve been expanding trade agreements that bypass the dollar, including China’s yuan-based oil deals and Russia’s growing trade with India in rupees and rubles.
The U.S. economy isn’t as powerful as it once was. Countries are less afraid of economic retaliation, and many are already reducing their reliance on U.S. trade.
Trump’s policy could backfire. Tariffs would also drive up prices for American consumers, adding more inflationary pressure.
But here’s the part that’s really going to shake things up…
🚨 If Trump follows through on this threat, he won’t stop BRICS—he’ll only accelerate their move towards a decentralized alternative. 🚨
And that alternative isn’t just a BRICS common currency…
It’s crypto.