President Donald Trump threatened another 10 countries with rates while he prepares to touch Canada and Mexico with rises.
“Go looking for another loser,” he kept social social in an attack on the Brics countries.
He warned the nations against replacing the US dollar as a reserve currency and said that if they did, he would pay 100% rates on them.
'The idea that the Brics countries are trying to leave the dollar while we stand and watch is over. We are going to require an obligation from these seemingly hostile countries that they will neither create a new Brics -Vuuruta nor to bring another currency back to replace the powerful US dollar or they will be confronted 100% rates, “he wrote.
It is part of a long line of threats that Trump makes while using his authority to assert American power all over the world and to strengthen the American economy.
President Donald Trump uses his authority to try to assert American power in the world
BRICS is a term originally devised to describe the emerging economies of Brazil, Russia, India and China.
Since then they have formed an official international organization that also includes South Africa, Egypt, Ethiopia, Iran, the United Arab Emirates and Indonesia.
The group has no common currency, but long -term discussions on this subject have received some momentum after the West has imposed sanctions on Russia about the war in Ukraine.
“There is no chance that Brics will replace the US dollar in international trade, or somewhere else, and every country tries, Hello must say to rates, and see you at America!,” Trump wrote in his long tirade.
A spokesperson for Kremlin warned that tries to 'force' countries that use the dollar by imposing 'economic strength', would have the opposite effect.
'This is not the first time that Trump has made such statements, it is not new. There have been statements before, when he was only president-elect. So now he has actually repeated his old thesis, “Kremlin spokesperson Dmitry Peskov told reporters.
India, another Brics member and one that is forced to use a variety of currency to buy Russian oil because of Western sanctions on Moscow, also played the threat of Trump.
“BRICS makes decisions by Consensus,” spokesperson for the Indian Ministry of Foreign Affairs told Randhir Jaiswal to reporters on Friday.
“As far as the dollar is concerned, the issue of the dollarization, Our Minister of Foreign Affairs has clearly said that we have no such policy or such a strategy.”
A study by the Goecomics Center of the Atlantic Council last year showed that the US Dollar remains the primary reserve currency in the world, and neither the euro nor the so-called BRICS countries have been able to reduce the worldwide dependence on the dollar.
Russian President Vladimir Putin's government trivialized Trump's tariff threat
Trump's last tariff threat comes while Mexico and Canada are waiting to see if the president determines a rate of 25% this weekend. He threatened this before 1 February.
He wants the two countries to help the flow of illegal drugs to the United States, in particular the deadly Opioid Fentanyl, and also illegally cross migrants to the US
Trump had also threatened Colombia with a rate of 25% if the migrants from his country did not accept that the US returned. After he had no initiative, Colombia withdrew and took the migrants with him, causing Trump to withdraw his threat.
This is talked about under civil servants Mexico and Canada could come to a similar agreement.
Howard Lutnick, the nominee of Trump for the trade secretary, said during his confirmation on Wednesday that Canada and Mexico could avoid rates by closing their limits to Fentanyl.
“As far as I know, they act quickly, and if they perform it, there will be no rate,” Lutnick told Senators.
Canada and Mexico are the largest trading partners in the United States.
