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.

  • d00phy@lemmy.world
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    2 years ago

    I mean, if he slaps tariffs on everyone, he may just accidentally bring about world peace when everyone just decides to stop dealing with the US.

    • Asafum@feddit.nl
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      2 years 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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        2 years 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.

          • liyunxiao@sh.itjust.works
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            2 years ago

            That’s not a common interpretation of those words in that order, which would be fantastic if there were a competition for most unique and obtuse construing of sentences; however whether or not such a contest exists, this isn’t a part of it.

            • FaceDeer@fedia.io
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              2 years ago

              You said:

              In a world United against the US, there’s no war the US can wage effectively.

              What about the wars that the rest of the world wage?

              • liyunxiao@sh.itjust.works
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                2 years ago

                …it’s not a part of the discussion. Do keep up if you’re going to weigh in. I know English sucks, and it really does, but it’s the easiest language to learn the basics of for a reason

        • marcos@lemmy.world
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          2 years 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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            2 years 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%?”