Wednesday, December 04, 2024

We Have Never Seen An Economic War Quite Like This

After trying to play nice during his first administration, Trump is making it very clear that he fully intends to use the full power of the presidency to shape economic policy during his second administration. - Michael Snyder 
After threatening Mexico and Canada, Trump decided to threaten the BRICS nations with 100 percent tariffs if they choose to move away from the U.S. dollar
  • President-elect Donald Trump threatened the BRIC group of emerging-market nations on Saturday, warning that he would impose 100% tariffs if they make any moves to undermine the U.S. dollar.
  • Trump’s comment, made on his Truth Social platform, is in apparent response to efforts to challenge or replace the U.S. dollar as the primary global reserve currency.
The BRIC alliance, originally comprised of Brazil, Russia, India, and China, now includes five other countries: South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates.
  • We have never seen an economic threat of this magnitude in modern history.
In a post on Truth Social, Trump explained why he has decided to make this move…

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