Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar
Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar
His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.
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Serious question - How serious do you think Trump is about all these batshit tariffs on Canada, Mexico, BRICs, etc?
In other words - if you use a 1 to 10 scale then ~2 is Trump doing minor tariffs while he lies that it "punishes" the bad countries. 10 is Trump seriously damaging the US economy in record time.
It seems like he's already going back on them with Mexico and Canada. I think he's using this to make a fake crisis and then he can have a meeting with global leaders and tell his followers that he fixed everything.
Isn’t that what that Canadian advisor said? That he wants to make it seem like he’s making deals
This actually sounds like the most likely thing to happen
And pretty par for the course with him.
idk because he talks so much shit and is so full of shit it's hard to tell what he'll actually do, outside of tax cuts for the rich, that's an automatic.
it's gonna be the most boring option- a 4 out of 10. everything just gets gradually but steadily worse
He barely tried to do 1/4 of the shit he said he was gonna do his first term.
As serious as he is with all of his policy: Fully committed to it until he talks to someone who he thinks is smarter than the last guy he talked to
That he even knows about this dedollarisation narrative is concerning to me. I wouldn't dismiss it so easily and all that needs to happen is someone even slightly smarter next to him suggests sanctions instead of "tariffs" and shit starts getting quite serious imo.
Russia showed that being sanctioned by amerika is ultimately a good thing in the long term. Its not like China isn't just waiting with open arms to trade with all these countries.
In my opinion, if the biggest risk is the USA sanctioning a bunch of countries, then that's a great situation for the world. Both tarrifs and sanctions would sink the US economy even further while creating the conditions for accelerated global cooperation. If these are the two choices, the empire is finished.
The tariffs will happen, but if you donated to him, or are a subsidiary of a donor, your goods will be exempt. The highest tariffs are going to be on electric cars, for obvious reasons. So it'll fuck up things, the losers are consumers and corps that didn't pay him or enough, and the winners are Musk and similar
Canadian politicians are already threatening tarriffs directly on Tesla. My best guess right now is that very little of this stuff is actually going to happen.
He'll tariff the EU just watch