Bloomberg: Trump’s pressure against BRICS is backfiring
According to the report of the economic reporter, quoted by Tass, Bloomberg news agency’s interview with several international experts indicates that any action Trump against the anti-dollar policies of BRICS and the formation of a single currency in this group can have the opposite result.
Experts say such measures could lead countries to collectively create an alternative currency to the dollar.
Donald Trump, the president-elect of the United States, recently threatened the member countries of the BRICS group, if they create a single currency instead of the dollar, he will impose heavy tariffs on goods imported from these countries to the United States. .
Rodrigo Cutrill, an expert at the National Australia Bank, believes that if Trump increases the pressure on the BRICS group, this will be a distancing Most countries will accelerate from the dollar.
He also believes that Trump’s promises to increase import tariffs will lead to increased volatility and instability in the global currency market.
On the other hand, Brad Setser, a former official of the US Treasury Department and a member of the Council on Foreign Relations of this country, says that this action of Trump could indicate a decrease in confidence in the dollar.
Ulrich Lochmann, the head of the foreign exchange research department Commerce of the German bank, also believes that from now on, anyone who uses the dollar outside of the United States, He will look at this currency as a yoke imposed on him by America.
