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Breitbart Economy and Finance Economy, John Carney, breaks down the reason for President Donald Trump to threaten the rates and dissect NPR’s failure to check on the bottom line.
In an apparent offer to preserve the world economic economic dominance Donald Trump It reiterated its 100% tariff threat against BRICS Nations.
The President demands that the countries commit themselves not to form a brick currency or to evaluate a currency to supplant the hegemony of the North -American dollar.
“The idea that BRICS countries are trying to move away from the dollar, as we stay and look, is over,” Trump warned in a real social place on Thursday.
Trump warns BRICES COUNTRIES If they try to replace the dollar: “100%rates”
President Donald Trump talks to journalists about the collision of an American Airlines flight with a Black Hawk military helicopter near Ronald Reagan National Airport, in the Brady Press Information Room on the White House on January 30, 2025 in Washingto (Chip Somodevilla/Getty Images)
Brics is an acronym that refers to the nations of Brazil, Russia, India, China and South -Africa, although the block also includes other countries.
“We will need a commitment from these seemingly hostile countries that will not create a new brick currency, or any other currency to replace the powerful northern dollar selling to the wonderful US economy,” Trump continued
“They can go to find another nation of suction cup. There is no chance that BRICS will replace the North -American dollar in international trade or anywhere else and any country trying it should greet the rates and goodbye to America! “” Concluded.
Putin, XI come to “deepen” the hours after Trump comes in to the White House
Russian President Vladimir Putin (R) and Chinese President Xi Jinping (L) shake hands as they attend the 16th Summit of Brics in Kazan, Russia on October 22, 2024. (Kistina Kormilitsyna/Photohost/Anadolu Agency through Getty Images)
Trump, that only took office again last weekHe had issued an almost identical threat to social media in November.
Economist and World Stratega of Pacific Euro Asset Management, Peter Schiff, who discusses economic and political issues in his pruned pruned “The Peter Schiff Show”, returned against Trump’s comment last year.
“You have the relationship backwards. The brick nations are the windy to accept our fiat currency for their actual consumer goods. We get real products that facilitate our lives, which we have no capacity to produce -all that they achieve in Change is our inflation, “Schiff tweeted in December in response to Trump’s post of November that threatened BRICS countries.
The President of Russia Vladimir Putin, President of China Xi Jinping and the Prime Minister of India Narendra Modi, are seen during the limited assistance meeting of the leaders of Bricks during the 16th Summit of Brics in Kazan, Russia on 23 of October 2024. (Alexei Danichev/Photohost Agency/Anadolu through Getty Images)
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According to Reuters, Egypt, Ethiopia, Iran, United Arab Emirates and Indonesia, they are also members of the blog.
The Brazil, who holds the Brics presidency this year, has suggested that Saudi Arabia is a member of BRICS, but the Saudi Minister of Economics and Faisal Alibrahim Planning recently told Bloomberg Television that while the nation has been invited. In Brics, he is evaluating before making a decision.
