President-elect Donald Trump has issued a stark warning to BRICS nations, threatening 100% tariffs if they attempt to create a rival currency to the US dollar. With major players like China, Russia, and India involved, this move could redefine global trade dynamics. Is this a negotiation tactic or a risky economic gamble? Dive into the story for all the details.
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Location: London
WooGlobe Ref : WGA289342
For licensing and to use this video, please email licensing@wooglobe.com
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00:00BREAKING NEWS President-elect Donald Trump is making headlines again, and this time it's
00:05all about global trade and the dominance of the US dollar.
00:09Will his bold threats reshape the global economy, or will they backfire?
00:13The BRICS nations – Brazil, Russia, India, China, and South Africa – are exploring
00:19a rival currency to challenge the dollar's dominance in global trade.
00:23And Trump?
00:24He's not happy.
00:25The idea that BRICS countries are moving away from the dollar while we stand by is over.
00:31Trump has threatened a whopping 100% tariff on BRICS nations if they dare to create a
00:36new currency.
00:37That means these countries could kiss their US market goodbye.
00:41Is this a bold negotiation tactic, or a reckless gamble?
00:45Experts believe it's all part of Trump's strategy – escalate to de-escalate.
00:50But what's the catch?
00:52Tariffs hit US consumers and businesses hard.
00:55Make higher prices at checkout.
00:57Ouch.
00:58So, will Trump's aggressive stance protect the dollar, or disrupt the global market?