‘De-Dollarization Is Certainly Not Our Objective’—India Says After Trump’s 100% Tariff Threat Over BRICS Currency

shockedcanadian

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Aug 6, 2012
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The leader of Brazil has been pushing this aggressively, along with more funding to their development bank. Trump made the threat and based on this alone he is going to have to make good on it against someone. He probably starts with China but it could also be a broad, standardized tariff to raise money for your treasury, help pay down your massive, national security threat debt.


The head of India’s central bank on Friday said the country was not pursuing a policy of de-dollarization and no decisions have been made so far on the BRICS currency, a week after President-elect Donald Trump threatened to slap 100% tariffs on the BRICS group of nations if they attempt to replace the dollar in international trade.
 

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