Trump's tariffs: Do they threaten the dollar more than BRICS?

Trump's tariffs: Do they threaten the dollar more than BRICS?

Donald Trump has once again landed a bang! The newly elected US President is serious and causing an uproar: He is demanding a clear commitment from the BRICS group, consisting of Brazil, Russia, India, China and South Africa, that they do not want to create a new BRICS currency or replace the US dollar. And as if that wasn't enough, he is threatening drastic tariff increases! But could these aggressive policies backfire and deal the death blow to the dollar?

A Bloomberg expert warns: Trump should rely on reliability rather than threatening gestures. While the BRICS countries are expected to remain cool - not interested in weakening the dollar, they say - it may actually be the US itself that is causing its domestic currency to stumble. The president seems to have forgotten how the dollar lost ground during the pandemic; now global trade is hungry for alternatives to the greenback.

It's getting even more explosive: Trump's tariff plans could fuel the global drive to move away from the US dollar. Despite assurances from the BRICS states that they do not want to establish new currencies, these actions could permanently undermine confidence in the dollar. Dmitri Peskov from Russia noted dryly: More and more nations are switching to their national currencies. The US dollar as a global middleman may be on the verge of extinction - and sooner than we might like. All about Trump's bitter war on the dollar in the report on watcher.guru.