Tuesday, January 14

Tag: nations

Trump Threatens to Impose 100% Tariff on Countries That Plan to Take Part in the Dedollarization Movement

Trump Threatens to Impose 100% Tariff on Countries That Plan to Take Part in the Dedollarization Movement

Technology
At a project rally in Wisconsin, Trump threatened to enforce a 100% tariff on nations that are preparing to move far from the dollar. In the last couple of years, the de-dollarization motion has actually gotten a great deal of traction, thanks to the BRICS. Enforcing a 100% tariff will be similarly devastating for the United States economy and would lead to a loss in GDP, increased inflation, and mass task cuts. Donald Trump is a danger to nations preparing to move far from utilizing dollars. At a project rally in Wisconsin, he stated that such nations would deal with a 100% tariff on their products. This is his newest effort to stop the de-dollarization motion. For those who do not understand, the de-dollarization motion, which was begun by the BRICS nations consisting of Br...