Donald Trump announced that he will impose 100% tariffs on the products of the BRICSC countries if they threaten the position of the dollar as the most important currency in international economic relations. “They will have to say goodbye to the ability to trade within the great U.S. economy,” Trump wrote.
“We require these countries to ensure that they will not create a new currency within the BRICS organization or use another currency to replace the US dollar,” the president-elect wrote on his Truth Social social media. USA Donald Trump. He noted that if BRICS members do not heed this warning, “their products will be subject to 100 percent tariffs and they will have to say goodbye to the ability to trade within the great US economy.”
Donald TrumpAP Photo/Evan Vucci/EastNews
Russian or Chinese disinformation
In August, the president Brazil Luiz Inacio Lula da Silva proposed during the BRICS summit in Johannesburg to create a currency within this organization that would allow them to be more independent from the dollar. However, the idea was not accepted by the other BRICS countries. According to the Polish Institute of International Affairs (PISM), the theses alarming about the fall of the dollar appearing in the public debate are baseless and may be part of Russian or Chinese disinformation.
Trudeau and Trump meeting
On Friday evening (Saturday in Poland), Trump held a meeting with the prime minister Canada Justin Trudeau. The leaders dined together at the president-elect's residence in Mar-a-Lago, Florida, and their conversation covered, among other things, trade and the border between the two countries. American television ABC reported that Trudeau told journalists waiting for him outside the hotel on Saturday that his conversation with Trump was “excellent” but did not answer any other questions. Trudeau is the first leader of a G7 country to meet directly with Trump after the election.
What is BRICS?
BRICS is the political and economic agreement of Brazil, China, India, Russia and South Africa. This year they joined him EgyptEthiopia, Iran and United Arab Emirates. The status of BRICS partner countries includes, among others: Belarus, Bolivia, Indonesia, Malaysia, Nigeria, Thailand and Vietnam. Applications for such a status include, among others: Türkiye.
Main photo source: AP Photo/Evan Vucci/EastNews