US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) - Foreign Affairs - Nairaland
Nairaland Forum › Nairaland General › Politics › Foreign Affairs › US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) (28494 Views)
| US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by WriterNig(op): 6:59am On Nov 02, 2024 |
https://www.aljazeera.com/wp-content/uploads/2024/06/2024-05-30T150311Z_28390061_RC2118A4ZTAR_RTRMADP_3_USA-TRUMP-NEW-YORK-1717331851.jpg 🇺🇸 Donald Trump pledged on Saturday to punish and make it too costly for countries to shift away from using the US dollar, adding a new pillar to his tariff platform. “You leave the dollar and you’re not doing business with the United States because we are going to put a 100% tariff on your goods,” the Republican presidential nominee said at a rally in the battleground state of Wisconsin. The statement follows months of discussions between Trump and his economic advisers on ways to penalize allies or adversaries who seek active ways to engage in bilateral trade in currencies other than the dollar. Options have included export controls, currency manipulation charges and tariffs, people familiar with the matter have previously told Bloomberg News. Trump, who has long embraced protectionist trade policies, said the dollar has been “under major siege” for eight years. China, India, Brazil, Russia and South Africa discussed de-dollarization at a summit last year. By contrast, Trump wants the dollar to remain the world’s reserve currency, a pledge he renewed at Saturday’s rally. credit: Fortune
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| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by WriterNig(op): 7:00am On Nov 02, 2024*. Modified: 11:37am On Nov 02, 2024 |
The US will end up sanctioning itself into a corner, into isolation. Even their best buddies the EU had to create their own currency (€) to safeguard against the dollars. What makes them think the rest of the world won't? |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by madridguy(m): 7:01am On Nov 02, 2024 |
The threat is no longer working. Biden threw away every of his joker cards so quickly due to his foolishness. |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by MrAmbrose(m): 7:06am On Nov 02, 2024 |
He's a joker. Nonsense! |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by Sheuns(m): 7:09am On Nov 02, 2024*. Modified: 3:08am On Nov 04, 2024 |
He’s only protecting his country’s interests. That’s what people patriotic and loyal to their nation do. It seems we’ve forgotten that USA is the most powerful country on earth right now. Forget all these talks of USA will be isolated blah blah, BRICS currency blah blah. Only a major war can shift dynamics of power away from the USA. Until then, USA still holds the aces and has all the power to control the world. Russia, China etc all still holds large volume of their wealth in USD. |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by Shadomaan7: 7:14am On Nov 02, 2024 |
Trump is a sore loser |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by LibertyRep: 7:15am On Nov 02, 2024 |
That's what a leader should do. Protect the interest of your country at all times. No two ways about it. Even those that go to war largely do so to protect the interest of their country. It may seem harsh and unfair to the side, but it is what it is. The stronger feed on the weaker in the world's waters full of sharks. |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by ehikwe22: 7:15am On Nov 02, 2024 |
The US will only successfully turn herself to a Pariah states. They'll do it by themselves. And then dollar will turn valueless. And US will fall like a pack of card. Printing of dollars made the US extremely rich - something they or nobody merited. But it got into their heads, they stopped working. Turned the dollars into a weapon. Became lazy and uncreative. |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by OkpaNsukkaisBae(m): 7:22am On Nov 02, 2024*. Modified: 7:11am On Nov 03, 2024 |
No sovereign nation is afraid of economic sanctions |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by PlayerMeji: 7:27am On Nov 02, 2024 |
Better than that Russian BRIC |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by HgAkpobomeEr: 7:51am On Nov 02, 2024 |
World attention is on Nigeria. |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by unclejb2(m): 7:52am On Nov 02, 2024 |
Trump actually has the interest of America first at heart before any other thing. Love him or him, he is too blunt to give a fvck |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by NetbizBoss: 7:53am On Nov 02, 2024 |
US want everyone to keep using the dollar so that they can keep printing the dollar as they want. The secret Putin knows and want to end |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by odejimioflagos: 7:55am On Nov 02, 2024 |
Trump is just a clown. |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by Salewa97: 7:55am On Nov 02, 2024 |
Trump is not serious |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by EnlightenedUFO: 7:57am On Nov 02, 2024 |
WriterNig:Here you are, the number one proponent of putin BRICS trying to feel like you care for the dollar. You are among the right wing people on this board that have repeatedly trashed the US dollar and hopes that China and BRICS reduce the power of the dollar and replace it with another currency. You guys are tying yourself in pretzels, because the felon economic plan is a disaster. TARIFFS NEVER MADE ANY MODERN COUNTRY GREAT! Tariffs only helped America to grown in the olden days of the 1800's and you know why. But in this high-powered age we live in; you think tariffs is the only strategy for economic growth? Tariffs, that the cost is being slapped down on Americans? Only an ignoramus buffoon will think tariffs will change his life. And you couldn't find a more flattering image than the one of his court room appearances? The new york case where he got tagged a convicted felon? You should try harder bro, stop being lazy. Next time, you can use this image of the felon simulating a blow. job on his mic on stage. ![]() https://www.hostpic.org/images/2411021237370105.jpeg https://apnews.com/article/trump-inflation-tariffs-taxes-immigration-federal-reserve-a18de763fcc01557258c7f33cab375ed
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| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by mcbreeze: 7:59am On Nov 02, 2024 |
Biden administration killed US influence. If Kamala win, e do go |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by EnlightenedUFO: 8:00am On Nov 02, 2024 |
mcbreeze:How did he kill US influence? Explain slowly.
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| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by kingbee90: 8:22am On Nov 02, 2024 |
EnlightenedUFO:Stop watching CNN. You are really misinformed. |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by stanluiz(m): 8:30am On Nov 02, 2024 |
Trump is a clown. No wonder he is a failed business. Someone that bankrupted a whole casino. Trump is a fool that does not know anything about tarrif talkess of an economy. He he impose such tariff on imported goods coming to America, it will leads to inflation and will hurt the America People, consumers and her working class. And to make it worse. Trump said he will impose hight tarrif in all imported goods coming to America. Gossh! Who does that ? For what reason ? I thought Trump is only fighting China in his trade war ? He now wants to fight the world war . Trump is a disaster. A failed business and a convicted felon. Americans should retire him from politics finally on 5 November. |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by tundegan: 8:35am On Nov 02, 2024 |
Lol Trump don dey talk like Tinubu. Fortune magazine self don dey joke with him. |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by tk003(m): 8:43am On Nov 02, 2024 |
Sheuns:What kind of interest requires to enslave and improvish others? Selfish interest, my friend not mutual interest. |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by ALTERNATEID: 8:47am On Nov 02, 2024 |
Once there is a globally accepted currency other than the US dollars, no one will give a Bleep about trading with the US. Other countries will simply trade with each other and the US will be isolated. There is nothing the US produces that other countries can’t produce. Trump should cool down with the empty threat. |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by mrvitalis(m): 8:49am On Nov 02, 2024 |
Not when many people dump it at once The issue with the West is their high wage bill and certification requirements for local production... This keeps their locally produced goods too expensive to compete to the moved to service and management based economy Same thing is happening to China, Vietnam tried to take over and in few years it wage structure scattered making them none attractive anymore and two they don't have the population Next is Mexico they don't have the population too Bangladesh is already on the rise India has a massive increase wage structure Brazil is not an option The only saving grace for the West is Africa but that comes with baggages |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by Anither563: 8:50am On Nov 02, 2024 |
He doesn't understand that the more he tries to punish other countries for dumping the US dollar, the more he accelerates the dollar dumping. |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by justtoodark: 8:59am On Nov 02, 2024 |
try it.... |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by justtoodark: 9:00am On Nov 02, 2024 |
Anither563:let them try it....infact they should do it immediatly sef.... biden should do it already....sanction every nation on earth.... |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by TOPCRUISE(m): 9:01am On Nov 02, 2024 |
If he enters the Naira that is now in oxygen will find it hard to breathe. |
| Re: US Will Punish Countries That Dump U.S Dollars, With Tarriffs - Trump (Photos) by EnlightenedUFO: 9:17am On Nov 02, 2024 |
kingbee90:Stop this trash, it's already stale. And makes you look increasingly dumb. |
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