Summary

Trump has threatened BRICS nations with 100% tariffs if they attempt to replace the US dollar as the global reserve currency, calling them “seemingly hostile countries.”

BRICS, which includes major economies like China, India, and Russia, has been discussing an alternative reserve currency, especially after Western sanctions on Russia.

The power of the US dollar in the world has strengthened recently. It remains the world’s primary reserve currency and there is a huge worldwide reliance on it.

  • noride@lemm.ee
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    4 hours ago

    Jfc, he’s like a toddler with a new word, just jamming it in everywhere to see if it fits. Try the keys in the light socket while you’re at it, Donnie!

  • kandoh@reddthat.com
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    4 hours ago

    I predict a huge collapse of the us dollar before his term is up

    • alvvayson@lemmy.dbzer0.com
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      1 hour ago

      The BRICS are already trading without dollars. They might price things in USD, but the actual trades don’t use USD.

      But is he really gonna tariff 55% of the global population?

      The world economy will just adjust to operate without the USA. It will be painful and take a few years, but it will also be irreversible.

      To be frank, we don’t need a global reserve currency in this digital age. Businesses and consumers can cheaply trade any currency pairs with minimal costs.

      The dollar’s status is a leftover from the past.

  • jabjoe@feddit.uk
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    2 hours ago

    If you shirk responsibilities that come with power, you lose that power.

    If you abuse trust put in you, you lose that trust.

    America is screwing itself.

  • hansolo@lemm.ee
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    6 hours ago

    Sure, and if the BRICS countries offer free spaghetti dinners for residents, I’ll sprout wings and fly there. This is notoriously not going to happen.

  • acargitz@lemmy.ca
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    7 hours ago

    Hahahahahaha

    That’s the biggest threat the US is actually facing.

    That’s how all those big juicy trade deficits are actually funded Donnie, by the USD being the reserve currency and by the rest of the world buying US bonds. Literally what Nixon replaced Bretton Woods with.

    Hahahahahahaha

  • d00phy@lemmy.world
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    9 hours ago

    I mean, if he slaps tariffs on everyone, he may just accidentally bring about world peace when everyone just decides to stop dealing with the US.

    • SlopppyEngineer@lemmy.world
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      5 hours ago

      That’s their idea. BRICS know they can’t beat USA in a straight on fight. But using a different economic model, set up alternative trade, USA can be made irrelevant in the long. USA really likes to play for short term gains, what is a weakness that can be exploited, especially with a “it hurt itself in its confusion” leader.

    • Asafum@feddit.nl
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      8 hours ago

      Idk, honestly one of the larger selling points to global trade was that you’d be much less likely to want to go to war with someone you relied on. If there is literally nothing connecting you then war is a much “easier” option to choose. :/

      • liyunxiao@sh.itjust.works
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        7 hours ago

        In a world United against the US, there’s no war the US can wage effectively. There’s only so much power you can project from aircraft carriers, and nukes are essentially off the table.

        BRICS was also designed for exactly this scenario; a rogue US finally showing its whole ass to the world. They’ll survive regardless of what the US tries, whether it’s sanctions, tariffs or invasions.

        • marcos@lemmy.world
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          7 hours ago

          BRICS was also designed for exactly this scenario; a rogue US finally showing its whole ass to the world.

          It was created to diversify the commercial relations of those countries, decentralizing them from US/Europe.

          You can call that “protection against a rogue US”, but it was much more of a “we will never get rich if those two control everything we do” thing.

          • liyunxiao@sh.itjust.works
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            6 hours ago

            It’s less “we will never get rich”, which is objectively incorrect given China is part of BRICS and was rich long before brics was created, and more, “why the fuck is less than 8% of the world entitled to the wealth of over 60%?”

        • FaceDeer@fedia.io
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          7 hours ago

          You appear to be saying that only the US starts wars? That’s not the case.

          • liyunxiao@sh.itjust.works
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            6 hours ago

            That’s not a common interpretation of those words in that order, which would be fantastic if there were a competition for most unique and obtuse construing of sentences; however whether or not such a contest exists, this isn’t a part of it.

            • FaceDeer@fedia.io
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              6 hours ago

              You said:

              In a world United against the US, there’s no war the US can wage effectively.

              What about the wars that the rest of the world wage?

              • EldritchFeminity@lemmy.blahaj.zone
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                4 hours ago

                If the world is united against the US, why would they go to war with each other? They would all have a common enemy in a belligerent country run by an egotistical maniac.

                Nothing unites people like a common enemy. Just look at how the Republicans get voted in and how Trump got elected again.

                • FaceDeer@fedia.io
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                  3 hours ago

                  There are more things going on in the world than the United States. Countries can focus on more than one issue at a time.

                  Besides, if the US goes the “tariff everyone! Yay isolationism!” Route then the rest of the world doesn’t need to do anything. The US will have defeated itself for them.

              • liyunxiao@sh.itjust.works
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                6 hours ago

                …it’s not a part of the discussion. Do keep up if you’re going to weigh in. I know English sucks, and it really does, but it’s the easiest language to learn the basics of for a reason

  • Flying Squid@lemmy.world
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    10 hours ago

    Tariff, tariff, tariff. It’s all he ever does when it comes to any other country doing something he doesn’t like. As if that solves all international issues.

    Weird how no other country has such a policy and they seem to do fine…

  • qyron@sopuli.xyz
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    9 hours ago

    This guy is trying to level the country that elected him, isn’t he?

        • Docus@lemmy.world
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          8 hours ago

          Thank you for your kind offer, but before I accept: what am I looking at here?

          • qyron@sopuli.xyz
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            8 hours ago

            It’s a local pastry. A traditional recipe. I bake it myself.

            There is no fixed recipe. It uses plain flour, leavening agent, olive oil, grape alcohol (aguardente), eggs and sugar. The dough itself is to be very low on sweetness.

            Everything is mixed together until it forms a heavy batter, that is then spooned onto a oven tray in dollops, sprinkled with sugar, and baked in medium/high pre heated oven.

            Goes well with strong, black coffee.

            p.s.

            Here is another picture.

            • Rhusta@midwest.social
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              7 hours ago

              Are you perhaps Colombian or Ecuadorian? I grew up with aguardiente but I’ve never seen that type of bread. Although we make our aguardiente from sugar cane. Our grape licor we call pisco, but we consider it to be more of a Peruvian/Chilean thing.

              • qyron@sopuli.xyz
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                6 hours ago

                Portuguese.

                We have, technically, two grape alcohols: distilled wine or the distilled leftovers of the wine making process (bagaço).

                I was referring to the second one. It’s a clear alcohol, with strenght varying from 21% up to 75% (anything above 41% is technically illegal but privates still make the really hard stuff).

                It is supposed to be flavour neutral (if it kills your taste buds it does become, along with everything else…) but in reality it still carries some of the flavours of the grapes/wine and it can accentuate other flavours.

                It is used as a secondary leavening agent in traditional pastries, especially for very heavy doughs, as the alcohol evaporates and areates the doughs.

                • Rhusta@midwest.social
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                  6 hours ago

                  That is so cool! I distil my own spirits and I make a good amount of illegally potent alcohol, but I’ve never heard about using them in baking. I will give it a try this weekend. Thank you

  • Lime66@lemmy.world
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    9 hours ago

    trump threatens punishing USA citizens if foreign entities do something he doesn’t like

  • Destide@feddit.uk
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    9 hours ago

    Think China might be thinking it’s ready, and that these tariffs only help fuel innovation.

    • BNE@lemmy.blahaj.zone
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      7 hours ago

      It’s like his politics start and end through/with violence.

      I wish I could remember - there was an Italian word for it. Oh well.