Russia Responds As Trump Threatened BRICS Nations With 100 Percent Tariff For Dedollarization.

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#brics #dedollarization
BRICS De-dollarization campaign has been steadily growing momentum so much so that the authorities in the US are beginning to get worried. And, as a result, the incoming President Donald Trump just issued a threat to BRICS nations. For President Trump to threaten BRICS, means that he realized that BRICS has the potential of crippling the US dollar and the US economy. While most BRICS nations have not responded, Russia has recently responded to Trump’s threat. The question is “Is Trump’s threat enough to stop the De-dollarization campaign? Let's find out.

The US incoming President Donald Trump has not yet assumed office but he already has a new target- BRICS. When it was founded in 2009, the US and the West in general didn't give BRICS any attention. For them, BRICS was a loose group made up of countries that had issues. However, in recent times things have begun to change. BRICS has grown steadily from how it started to become a bloc that controls 40 percent of the world's GDP and population. But that's not all. BRICS has also grown to become a reputable bloc with the potential of crippling the hegemony of the United States. With its De-dollarization campaign which focuses on using local currencies instead of the dollar for international trade, BRICS has the potential to unseat the dollar.