De-Dollarization: Trump Threatens 100% Tariffs on Nations Ditching the US Dollar

Several nations person been moving towards abandoning the US dollar. BRICS nations are presently starring this planetary displacement from dollar supremacy. These countries are trying to opt for alternate currencies alternatively of the dollar for planetary trade, overseas reserves, and different fiscal transactions. This radical includes Brazil, Russia, India, China and South Africa on with respective different countries. Amidst this, the US authorities spearheaded by Donald Trump was seen choosing different options to dilatory down de-dollarization.

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Can Trump Save The US Dollar?

Source: iStock

It looks similar 2025 could beryllium the twelvemonth of tariffs with Trump taking implicit the US government. The President erstwhile again took to Truth Social and threatened BRICS countries that are moving distant from the dollar with 100% tariffs. He stated,

“The thought that the BRICS Countries are trying to determination distant from the Dollar, portion we basal by and watch, is OVER. We are going to necessitate a committedness from these seemingly hostile Countries that they volition neither make a caller BRICS Currency, nor backmost immoderate different Currency to regenerate the mighty U.S. Dollar or, they volition look 100% Tariffs, and should expect to accidental goodbye to selling into the fantastic U.S. Economy.“

JUST IN: President Trump threatens 100% tariffs connected BRICS nations if they effort to regenerate the US dollar.

— Watcher.Guru (@WatcherGuru) January 31, 2025

He adjacent suggested that these nations endorsing de-dollarization should “go find different s*cker nation.” Trump confidently stated that the chances of an alternate currency replacing the dollar successful planetary commercialized were adjacent to zero. Apart from BRICS nations, the President besides suggested that immoderate federation that tries to determination distant from the dollar volition look tariffs.

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Canada & Mexico Could Be Under Fire Too

Source: Global Times

President Donald Trump prepares to enforce his archetypal circular of tariffs connected Saturday connected the 2 largest purchasers of US commodities, Canada and Mexico. Trump has agelong been troubled by some countries’ commercialized surpluses with the US. He has promised to enforce 25% tariffs connected astir $900 cardinal worthy of products from them. The President pledged connected Thursday to instrumentality to his self-imposed deadline of February 1.

JUST IN: President Trump officially announces 25% tariffs connected Canada and Mexico.

— Watcher.Guru (@WatcherGuru) January 30, 2025

While China could beryllium nether occurrence for its de-dollarization motives, Trump antecedently announced tariffs of up to 60% connected Chinese goods. According to analysts, the extremity of the enactment is to some curb the illicit importation of fentanyl into the federation and further American interests successful improved commercialized negotiations with Beijing.

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