Esoteric Inkling
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Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar
- Thread starter shockedcanadian
- Start date
Esoteric Inkling
Diamond Member
- Jul 27, 2023
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Yeah.
This.
You can tell it's all true, and it was all so painful for the American people.
Why?
Because they just re-elected Donald J. Trump.
IN YOUR FACE PROUD BOY INSURRECTIONIST DEPLORABLE BIGOTS!
elektra
Diamond Member
All those tyrannical countries that hold trillions of dollars of our debt should devalue our dollar. I would love to see the debt they hold, worthless.
elektra
Diamond Member
Sure we have, of course, and Biden is fit to be president, right
Who does trump think he is ? King of the world ? Unfortunately he's going to be out president again. Does he really believe he has the right to threaten the entire world. The man is insane. The world can get along fine without US. Can we live as well as we do without them. I think not. We depend on them more than they depend on US. The future does not look well.Now he is getting serious. It is critical that the U.S reserve currency remain as such.
Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar
His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.apnews.com
WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar.
His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.
Turkey, Azerbaijan and Malaysia have applied to become members and several other countries have expressed interest in joining.
While the U.S. dollar is by far the most-used currency in global business and has survived past challenges to its preeminence, members of the alliance and other developing nations say they are fed up with America’s dominance of the global financial system.
The dollar represents roughly 58% of the world’s foreign exchange reserves, according to the IMF and major commodities like oil are still primarily bought and sold using dollars. The dollar’s dominance is threatened, however, with BRICS’ growing share of GDP and the alliance’s intent to trade in non-dollar currencies — a process known as de-dollarization.
Trump, in a Truth Social post, said: “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy.
elektra
Diamond Member
Yes the president of the united states is the leader of the world
Toddsterpatriot
Diamond Member
How much did they print under Trump?
Toddsterpatriot
Diamond Member
so we have been refilling the SPR for 18 months to prevent another oil glut.
Refilling it that slowly isn't going to prevent a glut.
ZestolPastilevsky
Diamond Member
- Oct 24, 2024
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"If you stop using the dollar because of the leverage it gives us over you, we will use that exact leverage over you." It's definitely a bold move. Could go either way, though. Definitely throws them off balance, for sure.
KissMy
Free Breast Exam
How are we to build or maintain anything without power tools that are all made in China or made of Chinese parts?
Last edited:
shockedcanadian
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- Aug 6, 2012
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The U.S has the lowest tariffs in the world. Do you complain about the tariffs the E.U and others level against American products?
He's not dropping missiles, he is levelling the playing field. China steals, demands you share IP, devalue their currency, do not allow you to take them to courts in China, on and on.
Stop being a patsy please, your adversaries and some allies are taking advantage of the U.S.
KissMy
Free Breast Exam
Trump never ever added anything to the SPR!!!
Trump always drained from the SPR!!!
Obama / Biden built up the SPR to record levels!
Biden has been refilling the SPR for 18 months!
Whodatsaywhodat.
Diamond Member
- Apr 28, 2020
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Stop that ! Democrats hate talk like that.
Toddsterpatriot
Diamond Member
695 million barrels in January 2017.
638 million barrels in January 2021.
Down 57 million barrels under Trump.
Biden has been refilling the SPR for 18 months!
347 million barrels in June 2023, down 291 million barrels (down over 45%!).
382 million barrels in September 2024, only 35 million barrels was added in 18 months.
Now we're up to 390 million. Still down almost 39%, since Trump.
candycorn
Diamond Member
Now he is getting serious. It is critical that the U.S reserve currency remain as such.
Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar
His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.
WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar.
His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.
Turkey, Azerbaijan and Malaysia have applied to become members and several other countries have expressed interest in joining.
While the U.S. dollar is by far the most-used currency in global business and has survived past challenges to its preeminence, members of the alliance and other developing nations say they are fed up with America’s dominance of the global financial system.
The dollar represents roughly 58% of the world’s foreign exchange reserves, according to the IMF and major commodities like oil are still primarily bought and sold using dollars. The dollar’s dominance is threatened, however, with BRICS’ growing share of GDP and the alliance’s intent to trade in non-dollar currencies — a process known as de-dollarization.
Trump, in a Truth Social post, said: “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy.
eagle1462010
Diamond Member
- May 17, 2013
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eagle1462010
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The order to buy 77 million barrels came from Trump. Then anti oil con men like Biden claim it.
Pfft
Pfft
They were misguided. They believed trump's lies. Not healthy to run their noses in.it. They will figure it out soon enough. Then the love affair is over for good.
LeroyDumonde
Platinum Member
- May 30, 2023
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The US government has been undermining the dollar since 1913.
I would imagine the threat of tariffs, or sanctions for that matter, carries more weight as a producer vs consumer nation.....~S~
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