Summary
Trump has threatened 100% tariffs on BRICS nations (Brazil, Russia, India, China, South Africa, and others) if they pursue de-dollarization efforts, including creating a new currency to challenge the U.S. dollar’s dominance in global trade.
Trump warned these nations could lose access to the U.S. economy.
BRICS members, frustrated by U.S. financial dominance, have explored alternatives, with Russia advocating for a new payment system to bypass sanctions.
Analysts say the dollar’s global reserve status remains secure in the near term despite these challenges.
Oil … No more invasion just give own oil to US in return of any goods from them.
If the world traded oil rather than burned it, we would be in a much better position.