Economists Warn Trump Threats Are Most Effective De-Dollarization Plan

Over the last two years, the BRICS economic alliance has sought to lessen its reliance on the US dollar. Although the previous Biden administration had been content with this going unchecked, that changed drastically with a new President. Yet, his challenge has drawn some criticism. Specifically, amid BRICS opposition, economists have warned that Donald Trump’s 100% tariff threats could be the most effective de-dollarization plan. Prior to his inauguration this week, Trump noted he was looking to retaliate against efforts to lessen the international prominence of the US dollar. “If BRICS nations want to do that, that’s okay,” he said. “But we’re going to put at least a 100% tariff on the business they do in the United States.” Yet, experts have warned that could come with dire ramifications.