Trump threatens BRICS countries: tariffs of 100 percent on goods!

Trump threatens BRICS countries: tariffs of 100 percent on goods!

Johannesburg, Südafrika - The designated US President Donald Trump now attacks the Brics countries with his impending tariffs, who, with the idea of ​​its own currency, announce the US dollar. Trump said that he expected the promise that these countries will neither create a new currency nor replace the dollar on his platform Truth. Otherwise, he plans to impose "tariffs of 100 percent" on goods from these countries. Brics, an association of aspiring powers such as Brazil, Russia, India, China and South Africa, has recently tried intensively to dampen the dominance of the dollar, which could massively influence the geopolitical situation, such as reported.

In view of the current developments in the BRICS network, which will take up six new members on January 1, the topic of a common currency is of central importance. President Vladimir Putin described this idea as a "challenging task" and confirmed that the club wanted to work on a solution. However, the exact project of a BRICS currency, also known as "R5", is on the brink, as there have been no progress. Despite this difficult situation, the pressure on the US dollar remains high, since about 50 percent of all international payments in US currency make up only ten percent of the world trade, such as sueddeutsche.de

The uncertainty in the stability of the individual currencies of the BRICS countries-especially the South African border and the Brazilian real-makes such plans complicated. Experts warn that five volatile currencies cannot form the basis for a strong alternative world currency. In order to suggest at least a certain degree of stability, a gold bond for the new currency is discussed, which would require enormous financial resources.

The geopolitical tensions and the impending trade measures of the United States could also give the BRICS alliance to drive their ambitions. Despite the difficulties and skepticism, the goal of breaking the dominance of the dollar remains of a superordinate importance for these states.