De-Dollarization is Over: Trump Pushes Tariffs to Protect the Dollar
Trump asserts that his policies have halted global de-dollarization efforts, warning countries—especially BRICS—against moving away from the U.S. dollar.
He threatened tariffs of up to 100% on nations undermining the dollar, reinforcing his stance that abandoning the greenback would have serious consequences. While Trump has used tariffs as a key economic tool before. Some economists argue his threats are ineffective, noting BRICS is not currently creating a new currency.
Meanwhile, Russia and China continue increasing trade in their own currencies. And Iran supports a BRICS currency if consensus is reached.
Clever Robot News Desk 17th February 2025
