Summary
Trump has threatened BRICS nations with 100% tariffs if they attempt to replace the US dollar as the global reserve currency, calling them “seemingly hostile countries.”
BRICS, which includes major economies like China, India, and Russia, has been discussing an alternative reserve currency, especially after Western sanctions on Russia.
The power of the US dollar in the world has strengthened recently. It remains the world’s primary reserve currency and there is a huge worldwide reliance on it.
Hahahahahaha
That’s the biggest threat the US is actually facing.
That’s how all those big juicy trade deficits are actually funded Donnie, by the USD being the reserve currency and by the rest of the world buying US bonds. Literally what Nixon replaced Bretton Woods with.
Hahahahahahaha