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Trump cautioned BRICS nations against creating a new currency that could challenge the dominance of the US dollar in international trade. His ultimatum included a threat of up to 100% tariffs on nations that would consider such moves. However, the Kremlin responded skeptically, suggesting these tariffs could backfire and lead to a further shift away from dollar reliance in trade.
Implications and Conclusion
The complexities surrounding Trump's tariff threats indicate a tactical maneuver to leverage negotiations rather than a definitive execution of promised tariffs. Early reactions reveal a mixed bag of compliance, confusion, and preparation for retaliation among the countries involved.