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Author
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Topic: Trump threatens 100% tariffs on BRICS if they move away from the dollar
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Dhyana
Knowflake Posts: 3414
From: US
Registered: Sep 2019
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posted December 01, 2024 02:10 PM
  
It looks like he's protecting the dollar as the world's reserve currency, and also using access to the U.S. market as leverage.IP: Logged |
Dhyana
Knowflake Posts: 3414
From: US
Registered: Sep 2019
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posted December 01, 2024 02:14 PM
quote:
As the economic impact of MAGAnomics starts to sink-in to the global psyche, once again it is predictable that China and the EU will use their central banking system in a defensive posture against President Trump’s economic, trade and tariff policies. As a direct result, the value of the dollar increases, and as we noted before, “Exports from the USA ultimately cost more because the dollar is stronger against EU and Asia currencies. However, a stronger dollar is an offset to BRICS leverage and allows Trump to play economic chess.”
(Emphasis added.)
Randall, if you know what the part in bold means, please explain. Thankx.
http://theconservativetreehouse.com/blog/2024/11/30/with-the-dollar-strengthening-and-with-easily-predictable-economic-outcomes-looming-president-trump-targets-brics/ IP: Logged |
Randall
Webmaster Posts: 196682
From: I hold a Juris Doctorate (J.D.) and a Legum Magister (LL.M.)!
Registered: Apr 2009
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posted December 01, 2024 06:31 PM
The world's currency standard (the U.S. dollar) can only be replaced if it is weak in general, and weaker than China's currency specifically. IP: Logged |
teasel
Knowflake Posts: 29319
From: Here
Registered: Apr 2009
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posted December 09, 2024 05:04 AM
We pay for tariffs. A lot of Republicon leopards are eating the faces of people who didn’t understand what they were, and didn’t mind rump - who never pays his own bills, or his taxes - sticking it financially, to other countries. IP: Logged |
Lindaland
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