Trump is putting BRICS nations on notice, threatening them with a full-blown trade war if they attempt to sideline the U.S. dollar in global commerce.

cross-posted from: https://lemmy.world/post/24960701

In a fiery Truth Social post on Thursday night, the president declared that any country backing an alternative currency would be hit with 100 percent tariffs and effectively cut off from American markets. Trump made it clear there would be no room for negotiation, dismissing any possibility of an international shift away from the dollar.

    • NOT_RICK@lemmy.worldEnglish
      4·
      6 hours ago

      Yes, they’re the S in the acronym, although the bloc has grown to the point where the acronym doesn’t make much sense anymore.

      • Riddick3001@lemmy.worldEnglish
        11·
        3 hours ago

        " Brics" was named by an US Goldman Sachs banker. Idk, if it really amounts to anything, they probably would have changed their given name. Afaik, it has been mainly been an instrument of China to evade dollar transactions in yuan(renminbi), for the The Chinese Belt and Road Initiative. It’s almost an acronym.