Russia warns: Trump's dollar threats against Brics backfire!

Russia warns: Trump's dollar threats against Brics backfire!

In the middle of the determined efforts of the BRICS countries for de-dollarization, Russia has sharply criticized Donald Trump's latest threats and predicted that they will fail miserably! Trump, who is planning his return to the White House, had announced that it would be 100% tariffs on nations who would like to move away from the US dollar. Despite these martial threats, the economic alliance, which wants to reduce western influence in the global economy, is unimpressed. A Russian spokesman said that Trump's demands on the currency would not be received as hoped for.

The Brics alliance has been driving its efforts to do-dollarization for two years, partly in response to western sanctions against Russia. They promote the use of local currencies in retail, a path that has so far been successfully followed. However, with Donald Trump's taking the United States' presidential mast in 2024, the position of the US dollar is once again in focus. The 45th President emphasized that the loss of the dollar dominance would like a loss of war. But even when talking about impending 100% tariffs, the global south shows no signs of giving in. The BRICS countries remain on course and Russia predicts that Trump's threats could become a boomerang.

Brics answers Trump's endeavor to dollar dominance

Russia's spokesman Dmitri Peskow reacted directly to Trump's warning: "More and more countries are moving to national currencies in their commercial and foreign trade activities," reports Reuters. "If the United States applies economic violence to force nations to use the dollar, this will increase the trend towards switching to national currencies." In fact, it was the 'weaponization' of the dollar that put this topic into the spotlight in the first place. The threatened tariffs could cause similar reactions.

Although only the time will show how both sides react specifically, Russia's President Vladimir Putin had made it clear at the beginning of the month that he would not completely write off the US dollar. In addition, Trump previously indicated that the sanctions against Moscow may be loosening. An extremely exciting dynamic on the world stage is in full swing.