Trump threatens BRICS countries with 150% rates if they try to replace the dollar

During an event held by the Association of Republican Governors in Washington, former United States President Donald Trump said that when assuming the presidency, he took strict measures against the BRICS countries (Brazil, Russia, India, China and South Africa) after allegations that these states were seeking alternatives to the US dollar.

Trump claimed to have imposed the threat of a 150% rate on the products of these countries if they tried to replace the US currency in global trade.

Trump stated, “You know, the Brics states were trying to destroy our dollar. They wanted to create a new currency. ”

The former president suggested that one of the options discussed by these nations would be the use of Chinese Yuan as an alternative to the dollar, implying a strengthening of the Chinese currency in international transactions.

In his speech, Trump detailed as he adopted when he arrived at the White House: “So when I took over, the first thing I said was, ‘Any state of Brics that even mention the destruction of the dollar will be taxed by 150%.”

The former president, known for his protectionist stance, continued to state that the United States did not need the products exported by the BRICS countries.

“We don’t want your products,” said Trump.

He also stressed that after the threats of tariffs, the Brics countries would have retreated in their intentions to create their own currency, noting that since then there has been no further advances in this regard. “We haven’t heard anything from the Brics states lately,” he added.

This was not the first time Trump commented on the possibility of high tariffs. The former president had previously signaled that he could impose rates of up to 100% on imports from BRICS countries if the block advanced in the creation of an independent currency or abandoning the dollar in international transactions.

On another occasion, Trump went straight to stating: “Any country that trying to replace the dollar to make international trade will say” goodbye to the United States. “

These statements from Trump take place at a time of growing debate about the desolarization of global trade. BRICS has expanded its initiatives to reduce dollar dependence, particularly in trade between member countries and other nations.

Recently, the block has announced a series of measures aimed at increasing transactions in local currencies, a strategy that seeks to challenge the predominance of the dollar in the international financial system.

The issue of dedolarization has gained strength, especially with the recent efforts of BRICS countries to create a more diverse financial system.

The use of local currencies in international transactions, experts, can be a significant change in global economic dynamics, reducing the influence of the United States and the dollar.

However, experts also point out that change can be complex and take years to consolidate due to the strong presence of the dollar in finance and international trade.

In recent years, BRICS has been periodically gathered to discuss ways to strengthen economic cooperation and increase the bloc’s influence on the global scenario.

The dedolarization agenda has been one of the main guidelines, with the introduction of mechanisms to promote the use of local currencies in commercial agreements and the exploitation of alternatives to the financial system dominated by Washington and its institutions, such as the International Monetary Fund (IMF) and the World Bank.

Meanwhile, the United States, under Trump’s administration, adopted a more foreign policy focused on economic nationalism and protectionism.

Trump has constantly emphasized the importance of prioritizing the economic interests of the United States in relation to other countries, especially in times of commercial and geopolitical tensions.

Its stance against the replacement of the dollar reflects the concern that the loss of influence of US currency can undermine the economic and strategic power of the United States in the world.

In response to Trump’s comments, BRICS representatives did not officially comment on the threats of tariffs, but international relations experts point out that the block continues to advance in its diversification agenda of the coins used in global trade.

Although BRICS countries still face challenges in their search for alternatives to the dollar, blocth movements show a clear intention to reduce the dependence of the US currency.

With the growth of emerging economies and the increase in China’s economic power, the issue of international trade dedolarization should remain a central issue in global negotiations.

Trump’s stance, therefore, reflects not only a response to this movement, but also the attempt to preserve the dominant position of the dollar in the international scenario, which, according to analysts, could be a topic of debate in the coming years, especially with the continuity of cooperation initiatives between the BRICS countries.