this post was submitted on 30 Nov 2024
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Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar (apnews.com)
submitted 3 weeks ago by TheKetchupSong@lemmings.world to c/world@quokk.au
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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.

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[โ€“] UnderpantsWeevil@lemmy.world 27 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

He believes they can't raise their own tariffs in turn. That's the real danger here. Not Americans paying double for some knock off plastic widget on Temu, but American exporters running into an equivalent tariff wall trying to import cars and computers and pork shoulders into China.

He's taking a guillotine to American global logistics

[โ€“] DragonTypeWyvern@midwest.social 4 points 3 weeks ago

And when it crashes it will be the Deep State's fault.