Donald Trump held a rally on Saturday (September 7) in Wisconsin – one of the “swing” states that will play a key role in November's elections. presidential elections in the USA. During a meeting with supporters, the Republican Party candidate announced that if he wins, he will impose 100 percent tariffs on goods from countries that give up trading in dollars – reports Bloomberg.
Donald Trump announces unprecedented tariffs for countries that give up the dollar
“If you give up the dollar, you won't be doing business with the United States because we'll put a 100 percent tariff on your goods,” Trump said at the rally. The journalists note that the former president has long been responsive to protectionist policies and has warned for eight years that the U.S. currency is “under great siege.”
Trump himself, however, wants to do everything to dollar remained the world's reserve currency. His Saturday pledge is the result of months of discussions with economic advisers, during which they sought ways to punish countries that try to engage in international trade in other currencies. The method, it seems, is to make it too costly for other countries to give up the dollar.
Trump threatens to extend trade restrictions to Europe. “We will not stand by”
The former's concerns US President are not unjustified. Discussions on the “de-dollarization” of economic relations are led by, among others, the BRICS countries: Brazil, Russia, India, China and South Africa. This issue was one of the main themes of last year's group summit.
Reuters Agency points out that Trump's convention on Saturday was primarily aimed at solidifying the support of the local working class. According to journalists, the Republican candidate argued that if he wins the election, protectionist trade policies could be applied even to European Union countries. “We are not going to passively watch as our wealth and jobs flow to other countries. Wisconsin will be one of the biggest beneficiaries,” Trump argued during the rally.