Trump threatens a 100% tariff on BRICS countries if they abandon U.S. dollar

Can you even imagine how happy putin is with his bitch?

I am starting to think about that Trump just learned what a tariff is during this election cycle. Still has no idea how they work, what their purpose is, when they should be used, nor how they impact local and global economies but, gosh darn it, if he isn't excited to show off his new knowledge.

Maybe if they have him write out the word "TARRIF" on a piece of paper and put that paper on the white house fridge, he can be proud of it everyday and be able to move on to his next vocabulary word.

It's like he's trying to kill the US dollar. Nobody who was actually trying to protect our currency would be making these moves.

It's not a shocker why all the cryptobros are behind him either, because that's their goal, too.

But I mean god damn it is really hard to exaggerate how stupid and easily manipulated Trump is.

So trump is going to start a trade war with the entire world now?

What is the next word after "great" when talking about economic depressions?

The bizarre Republican project of burning America to the ground, because they love it so gosh darn much, continues apace.

If a trading bloc abandons the USD, that means they are less interested in trading with the US. Slapping a tariff in them means that they will be even less interested.

Why do I get the feeling Trump doesn't know that tariffs can go higher than 100%? Nobody tell him.

This either means the US economy will suffer .... or America will fight back violently to force others to follow their rules

Either way, someone, or everyone is going to suffer

I've said it before and I'll say it again: the world needs a neutral reserve currency, not one issued and controlled by whatever country happens to be the dominant superpower.

Tariffs will further devalue the dollar.

Guys don't you see how much the economy will grow?

If it drops 50% it will be a 100% growth once it's back where it was. That's like stable genius!

/s

"If you don't listen to me I'll.. "

checks notes

"...tax my citizens even more!"

BRICS, Canada and Mexico should be making a trade treaty right now, before Trump even takes office.

Dumb dumb dumb dumb

Me 6 months ago: "Well at least inflation isn't as bad as it was in the Weimar Republic...." Me now: "uh oh"

I don’t think the BRICS are interested in giving up on the dollar. Two of those countries have some of the biggest dollar reserves there are outside of the US.

I think they’re more interested in bilateral trades/payments using their own currencies.