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.

  • @Asafum@feddit.nl
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    465 months ago

    Idk, honestly one of the larger selling points to global trade was that you’d be much less likely to want to go to war with someone you relied on. If there is literally nothing connecting you then war is a much “easier” option to choose. :/

    • @liyunxiao@sh.itjust.works
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      295 months ago

      In a world United against the US, there’s no war the US can wage effectively. There’s only so much power you can project from aircraft carriers, and nukes are essentially off the table.

      BRICS was also designed for exactly this scenario; a rogue US finally showing its whole ass to the world. They’ll survive regardless of what the US tries, whether it’s sanctions, tariffs or invasions.

      • @marcos@lemmy.world
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        195 months ago

        BRICS was also designed for exactly this scenario; a rogue US finally showing its whole ass to the world.

        It was created to diversify the commercial relations of those countries, decentralizing them from US/Europe.

        You can call that “protection against a rogue US”, but it was much more of a “we will never get rich if those two control everything we do” thing.

        • @liyunxiao@sh.itjust.works
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          75 months ago

          It’s less “we will never get rich”, which is objectively incorrect given China is part of BRICS and was rich long before brics was created, and more, “why the fuck is less than 8% of the world entitled to the wealth of over 60%?”