FINALLY: A FACTUAL Trump tariff in the news.
You idiots have accused the president of just throwing out tariffs against everyone. No news sources. Just your uneducated low information OPINION.
Finally, the ONLY reliable news source around here has a tariff story.And you'd better hope that this one works.
https://www.foxbusiness.com/politics/trump-reasserts-towering-100-tariff-threat-against-brics-countries
Trump reasserts towering 100% tariff threat against BRICS countries
In an apparent bid to preserve the U.S. dollar's global economic dominance, President Donald Trump reiterated his 100% tariff threat against BRICS nations.
The president is demanding that the countries commit to not form a BRICS currency or endorse a currency to supplant U.S. dollar hegemony.
"The idea that the BRICS Countries are trying to move away from the Dollar, while we stand by and watch, is OVER," Trump warned in a Truth Social post on Thursday.
BRICS is an acronym that refers to the nations of Brazil, Russia, India, China, and South Africa, though the bloc also includes several other countries as well.
Okay, so what's the deal with them getting away from the Dollar?
(Certainly, Biden has turned the American dollar into toilet paper with his record high DEFICIT SPENDING.)
What this is in reference to is the American Dollar being the RESERVE CURRENCY OF THE WORLD.
That means OIL is traded ONLY in America dollars.
https://www.investopedia.com/articles/forex-currencies/092316/how-us-dollar-became-worlds-reserve-currency.asp
Why did oil FIRST skyrocket in price?
Nixon took the world off the Bretton Woods Agreement. The American dollar took a bath. And since all oil is traded only in American dollars. (and OPEC warned Nixon not to do that) the value of the dollar plummeted and oil prices skyrocketed. Had NOTHING to do with scarcity or interruptions in supply.
The American Dollar as the world's RESERVE CURRENCY is the ONLY reason why Americans aren't right now paying $15 a gallon for gasoline.
Wanna see the economy completely tank? Watch what happens if those countries get away with this.
Right now, Trump's threat of a tariff is the ONLY thing keeping those dollars you have being worth more than toilet paper.
Finally, the ONLY reliable news source around here has a tariff story.And you'd better hope that this one works.
https://www.foxbusiness.com/politics/trump-reasserts-towering-100-tariff-threat-against-brics-countries
Trump reasserts towering 100% tariff threat against BRICS countries
In an apparent bid to preserve the U.S. dollar's global economic dominance, President Donald Trump reiterated his 100% tariff threat against BRICS nations.
The president is demanding that the countries commit to not form a BRICS currency or endorse a currency to supplant U.S. dollar hegemony.
"The idea that the BRICS Countries are trying to move away from the Dollar, while we stand by and watch, is OVER," Trump warned in a Truth Social post on Thursday.
BRICS is an acronym that refers to the nations of Brazil, Russia, India, China, and South Africa, though the bloc also includes several other countries as well.
Okay, so what's the deal with them getting away from the Dollar?
(Certainly, Biden has turned the American dollar into toilet paper with his record high DEFICIT SPENDING.)
What this is in reference to is the American Dollar being the RESERVE CURRENCY OF THE WORLD.
That means OIL is traded ONLY in America dollars.
https://www.investopedia.com/articles/forex-currencies/092316/how-us-dollar-became-worlds-reserve-currency.asp
Why did oil FIRST skyrocket in price?
Nixon took the world off the Bretton Woods Agreement. The American dollar took a bath. And since all oil is traded only in American dollars. (and OPEC warned Nixon not to do that) the value of the dollar plummeted and oil prices skyrocketed. Had NOTHING to do with scarcity or interruptions in supply.
The American Dollar as the world's RESERVE CURRENCY is the ONLY reason why Americans aren't right now paying $15 a gallon for gasoline.
Wanna see the economy completely tank? Watch what happens if those countries get away with this.
Right now, Trump's threat of a tariff is the ONLY thing keeping those dollars you have being worth more than toilet paper.
