from RT:
The US presidential candidate has pledged 100% tariffs on countries that are seeking to replace the greenback in international transactions
Republican presidential nominee Donald Trump has claimed that dumping the US dollar will be extremely costly for foreign countries which pursue the policy, adding that they will face unprecedented import taxes for pursuing non-dollar trade.
TRUTH LIVES on at https://sgtreport.tv/
Speaking to his supporters during a campaign rally in Wisconsin on Saturday, the former US president pledged to maintain the status of the greenback as the world’s reserve currency, emphasizing that it is “under major siege” as a growing number of states have been turning to other ways of settling trades.
“You leave the dollar and you’re not doing business with the US, because we are going to put a 100% tariff on your goods” Trump said.
A broad trend towards using national currencies instead of the greenback has gained momentum following the massive economic restrictions introduced against Russia by the US and its allies in the wake of the escalation of the Ukrainian conflict in February 2022. After being cut off from the Western financial system, Moscow has turned to alternative options for settlement, with some of Russia’s foreign partners following suit.
