this post was submitted on 30 Nov 2024
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Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar (apnews.com)
submitted 2 months ago by TheKetchupSong@lemmings.world to c/world@quokk.au
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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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[–] StraponStratos@lemmy.sdf.org 64 points 2 months ago (2 children)

I’m sure this will help drive BRICS closer together as they feel attacked by America. Allowing Russia to poach powerful allies away from the US.

Trump must be Putins greatest dream.

[–] jonne@infosec.pub 29 points 2 months ago

Yeah, Trump ending the dollar as the reserve currency would be a fitting legacy.

[–] winterayars@sh.itjust.works 12 points 2 months ago (1 children)

Yeah it would be extremely funny (and probably bad) if he accidentally own-goal'ed this.

[–] mdd@lemm.ee 9 points 2 months ago (1 children)

Accidentally?

[–] orcrist@lemm.ee 2 points 2 months ago (1 children)

Yes of course. What do you think Trump wants? He wants people kissing ass, he wants groveling, he wants adoration.

Everything else that he does is clearly designed to get that, and if it has side effects, he just doesn't care, because he's too powerful to care.

[–] obviouspornalt@lemmynsfw.com 5 points 2 months ago

He also wants inflation, as that reduces the real value of the debt on his real estate holdings.