Could Donald Trump’s latest trade policy proposal accidentally speed up the world’s shift away from the US dollar? Analysts say his threat to impose 100% tariffs on BRICS nations—a group including economic giants like China, Brazil, and India—if they ditch the greenback for trade could have the opposite effect.
Imagine this: You’re in a group project (BRICS, in this case), and someone tries to force you to use their template. Would you… comply or find a workaround? That’s the dynamic experts see unfolding as countries explore alternatives like currency swaps or digital payments to avoid dollar dependency.
“Forcing the dollar into trade deals is like playing *Game of Thrones* with economics—it might just unite everyone against you,” said one analyst (who definitely binge-watches geopolitical dramas). With BRICS representing over 40% of the global population, a coordinated move toward local currencies could shake up everything from oil deals to TikTok monetization.
Young professionals and investors, take note: This isn’t just about politics. A weaker dollar could reshape global markets, affect crypto trends, and even influence how your next cross-border startup gets funded.
Reference(s):
cgtn.com