hello dear viewers Welcome to our Channel today we
will talk about Donald Trump's threat to countries that try to avoid using the US dollar in trade
the Republican presidential candidate Donald Trump has pledged to impose tariffs on countries
that gradually move away from using the US dollar in their trade transactions during a crowded rally
in Wisconsin Trump announced economic plans that include strengthening trade relations with China
and the European Union if he wins the election Trump said countries that abandon the dollar
will not trade with the United States and we will impose a 100% tariff on all Goods coming from
these countries these statements come after months of discussions between Trump and his economic
advisers about punishing countries that move towards bilateral trade using currencies other
than the dollar countries such as China India Brazil Russia and South Africa are seeking
to reduce their dependence on the dollar in contrast Trump insists on the dollar remaining
a global Reserve currency as it represents 57% of the international monetary funds reserves
and 80% of global trade payments on February 4th 2024 the former US president said he
intends to impose new tariffs on China if he wins the upcoming presidential election in
November Trump confirmed during an interview on Fox News we have to take this step if you
look at the situation the stock market almost collapsed earlier the Secretary General of the
International chamber of shipping guy platen warned in comments reported by the financial
times that the rise of economic nationalism in the United States poses a significant
threat to global trade platin noted that Chinese ship owners are very concerned about
the possibility of imposing tariffs on ships manufactured in China emphasizing that there is
always a price to pay which may not be considered by politicians when making decisions the Secretary
General of the international chamber of shipping added the global system has not faced a threat
of this magnitude since before World War II the last time we took this path the results were
catastrophic trade Wars often pave the way for larger conflicts thank you for following
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