Reported 1 day ago
Donald Trump's recent tariff threat, promising 100% tariffs on countries moving away from the U.S. dollar, appears to be a reaction to the introduction of 'BRICS Pay'—a new blockchain-based global payment system. This initiative, launched by the BRICS nations, aims to create an alternative to the dollar-dominated SWIFT network and facilitate cross-border payments using national currencies. Trump's statement may signal the onset of heightened trade tensions as he attempts to counter potential challenges to the dollar's dominance.
Source: YAHOO