1/31/2025–|Last update: 1/31/202511:04 AM (Mecca time)
US President Donald Trump has warned the member states of the Brex Group against replacing the dollar as a backed backed currency of its previous threat to impose 100% customs duties that he launched weeks after his victory in the presidential elections last November.
“We will ask for a commitment to these hostile countries, apparently, not to launch a new currency for the BRICS group, and do not support any other currency to replace the great US dollar, otherwise it is it
You will face 100%customs duties. “
He added to these countries if they seek to replace the dollar to say and call for dealing with the “wonderful” American economy, and they can go to find other bodies to deal with them, and he stressed that there is no opportunity for the Brexes to replace the US dollar in international trade, or anywhere else, and any A country that tries to do so is to wait for high customs identions or “depositing dealing with America.”
This threat is an affirmation of a Trump’s post on the same site, which he posted on November 30 after winning the US presidential elections.
The status of the dollar
The dominance of the dollar has recently been strengthened, benefiting from the power of the American economy, the strict monetary policy and the increasing geopolitical risk.
A study conducted by the Jio Economics Center of the Atlantic Council last year showed that the dollar is still the world’s basic currency, indicating the euro and the BRICS has not been able to limit the global dependence on the American currency.
Trump’s new threat to the Brex Group comes at a time when Canada and Mexico are awaiting his decision to impose customs duties by 25% on the two countries from February 1.
Trump is studying the use of customs duties to a tool for Mexico and Canada to help stop the flow of drugs to the United States, especially deadly fentanel, as well as immigrants who illegally cross into the United States.
https://www.youtube.com/watch?v=k3qtoraatjwc
Brex
It is noteworthy that “Brix” is the first letters of the founding member states of the group Brazil Russia, India, China and South Africa. The group aims to be a substitute for the Group (G7) of the leading Western economic powers.
The group included Egypt, Ethiopia, Iran and the UAE to its membership in early 2024, and Indonesia became a member earlier this month.
Brex does not have a common currency, but long -term discussions on this matter gained some momentum after the West imposed sanctions on Russia because of the war in Ukraine.
Russian President Vladimir Putin has always criticized the dominance of the American currency, and announced his intention to establish an independent payment and liquidation system within the alliance. By offering another non -Western currency, Moscow hopes to reduce the sanctions imposed by the West on Russia because of its war in Ukraine.
Customs fees are a type of drawing on imported goods. It is paid when goods enter the country.
