this post was submitted on 31 Jan 2025
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Summary

Trump has threatened BRICS nations with 100% tariffs if they attempt to replace the US dollar as the global reserve currency, calling them “seemingly hostile countries.”

BRICS, which includes major economies like China, India, and Russia, has been discussing an alternative reserve currency, especially after Western sanctions on Russia.

The power of the US dollar in the world has strengthened recently. It remains the world's primary reserve currency and there is a huge worldwide reliance on it.

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[–] Someone@lemmy.ca 4 points 7 hours ago

Oh nice, a 110% tariff on China would at least partially cancel out the Canadian and Mexican tariffs while mainly screwing over his own country. I'm all for it!

[–] reksas@sopuli.xyz 39 points 13 hours ago (1 children)

us is going to run out of people to trade with at this rate

[–] admin@sh.itjust.works 4 points 13 hours ago (1 children)

Is time for the new and revamped BRICCSM to be a thing (annexing Canada and Mexico)

[–] reksas@sopuli.xyz 5 points 11 hours ago

ah yes, more lebensraum. i hate this timeline

[–] spooky2092@lemmy.blahaj.zone 6 points 9 hours ago

Ooooh wee, it's going to be a bumpy few ~~years~~ decades as Der Furher sends us into another once in a lifetime financial crisis.

[–] noride@lemm.ee 33 points 14 hours ago

Jfc, he's like a toddler with a new word, just jamming it in everywhere to see if it fits. Try the keys in the light socket while you're at it, Donnie!

[–] kandoh@reddthat.com 44 points 15 hours ago* (last edited 14 hours ago) (1 children)

I predict a huge collapse of the us dollar before his term is up

[–] alvvayson@lemmy.dbzer0.com 15 points 12 hours ago

The BRICS are already trading without dollars. They might price things in USD, but the actual trades don't use USD.

But is he really gonna tariff 55% of the global population?

The world economy will just adjust to operate without the USA. It will be painful and take a few years, but it will also be irreversible.

To be frank, we don't need a global reserve currency in this digital age. Businesses and consumers can cheaply trade any currency pairs with minimal costs.

The dollar's status is a leftover from the past.

[–] perestroika@lemm.ee 3 points 9 hours ago

Narrator: "they heard him - and replaced it".

[–] FauxPseudo@lemmy.world 12 points 13 hours ago

Are we the bad guys?

[–] d00phy@lemmy.world 101 points 19 hours ago (2 children)

I mean, if he slaps tariffs on everyone, he may just accidentally bring about world peace when everyone just decides to stop dealing with the US.

[–] SlopppyEngineer@lemmy.world 22 points 16 hours ago

That's their idea. BRICS know they can't beat USA in a straight on fight. But using a different economic model, set up alternative trade, USA can be made irrelevant in the long. USA really likes to play for short term gains, what is a weakness that can be exploited, especially with a "it hurt itself in its confusion" leader.

[–] Asafum@feddit.nl 48 points 18 hours ago (1 children)

Idk, honestly one of the larger selling points to global trade was that you'd be much less likely to want to go to war with someone you relied on. If there is literally nothing connecting you then war is a much "easier" option to choose. :/

[–] liyunxiao@sh.itjust.works 27 points 18 hours ago (7 children)

In a world United against the US, there's no war the US can wage effectively. There's only so much power you can project from aircraft carriers, and nukes are essentially off the table.

BRICS was also designed for exactly this scenario; a rogue US finally showing its whole ass to the world. They'll survive regardless of what the US tries, whether it's sanctions, tariffs or invasions.

[–] marcos@lemmy.world 19 points 17 hours ago (1 children)

BRICS was also designed for exactly this scenario; a rogue US finally showing its whole ass to the world.

It was created to diversify the commercial relations of those countries, decentralizing them from US/Europe.

You can call that "protection against a rogue US", but it was much more of a "we will never get rich if those two control everything we do" thing.

[–] liyunxiao@sh.itjust.works 4 points 17 hours ago

It's less "we will never get rich", which is objectively incorrect given China is part of BRICS and was rich long before brics was created, and more, "why the fuck is less than 8% of the world entitled to the wealth of over 60%?"

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[–] theacharnian@lemmy.ca 39 points 18 hours ago* (last edited 18 hours ago)

Hahahahahaha

That's the biggest threat the US is actually facing.

That's how all those big juicy trade deficits are actually funded Donnie, by the USD being the reserve currency and by the rest of the world buying US bonds. Literally what Nixon replaced Bretton Woods with.

Hahahahahahaha

[–] FlyingSquid@lemmy.world 76 points 20 hours ago (3 children)

Tariff, tariff, tariff. It's all he ever does when it comes to any other country doing something he doesn't like. As if that solves all international issues.

Weird how no other country has such a policy and they seem to do fine...

[–] dan1101@lemm.ee 27 points 18 hours ago (1 children)

He learned a new word and is using it all the time. Hopefully leaders will grow tired of it and just call his bluffs.

[–] BreadstickNinja@lemmy.world 10 points 18 hours ago (1 children)

Too bad he still doesn't understand the concept behind the word. Hopefully it will bite him in the ass when the price of literally everything goes up.

[–] earphone843@sh.itjust.works 2 points 14 hours ago
[–] marcos@lemmy.world 7 points 17 hours ago (1 children)

Now, that's not true.

You can pick any poor country at random, and you'll find that one policy there with almost no exceptions.

[–] FlyingSquid@lemmy.world 3 points 17 hours ago

You're right, I wasn't thinking about colossal shitholes.

[–] hansolo@lemm.ee 18 points 16 hours ago (1 children)

Sure, and if the BRICS countries offer free spaghetti dinners for residents, I'll sprout wings and fly there. This is notoriously not going to happen.

[–] qyron@sopuli.xyz 35 points 19 hours ago (1 children)

This guy is trying to level the country that elected him, isn't he?

[–] Docus@lemmy.world 36 points 19 hours ago (1 children)

Yes, that is my understanding of project 2025.

[–] qyron@sopuli.xyz 10 points 18 hours ago (3 children)

Can I offer you an encouragement biscuit?

[–] RamblingPanda@lemmynsfw.com 13 points 18 hours ago (1 children)

Thank you, but I had therapeutical pizza yesterday.

[–] Xanthobilly@lemmy.world 4 points 15 hours ago (1 children)

That sounds delicious. What treatment toppings did you administer?

[–] RamblingPanda@lemmynsfw.com 4 points 14 hours ago (1 children)

Rocket, Parmigiano Reggiano and Prosciutto crudo. It helped ease the pain.

[–] Xanthobilly@lemmy.world 1 points 14 hours ago

Rocket?! To the moon, Elon. The rest of that sounds like woke foreign shit. /s

[–] SlopppyEngineer@lemmy.world 5 points 16 hours ago

Qu'ils mangent de la brioche!

[–] Docus@lemmy.world 5 points 18 hours ago (1 children)

Thank you for your kind offer, but before I accept: what am I looking at here?

[–] qyron@sopuli.xyz 13 points 18 hours ago* (last edited 18 hours ago) (1 children)

It's a local pastry. A traditional recipe. I bake it myself.

There is no fixed recipe. It uses plain flour, leavening agent, olive oil, grape alcohol (aguardente), eggs and sugar. The dough itself is to be very low on sweetness.

Everything is mixed together until it forms a heavy batter, that is then spooned onto a oven tray in dollops, sprinkled with sugar, and baked in medium/high pre heated oven.

Goes well with strong, black coffee.

p.s.

Here is another picture.

[–] Rhusta@midwest.social 3 points 17 hours ago (1 children)

Are you perhaps Colombian or Ecuadorian? I grew up with aguardiente but I've never seen that type of bread. Although we make our aguardiente from sugar cane. Our grape licor we call pisco, but we consider it to be more of a Peruvian/Chilean thing.

[–] qyron@sopuli.xyz 3 points 17 hours ago (1 children)

Portuguese.

We have, technically, two grape alcohols: distilled wine or the distilled leftovers of the wine making process (bagaço).

I was referring to the second one. It's a clear alcohol, with strenght varying from 21% up to 75% (anything above 41% is technically illegal but privates still make the really hard stuff).

It is supposed to be flavour neutral (if it kills your taste buds it does become, along with everything else...) but in reality it still carries some of the flavours of the grapes/wine and it can accentuate other flavours.

It is used as a secondary leavening agent in traditional pastries, especially for very heavy doughs, as the alcohol evaporates and areates the doughs.

[–] Rhusta@midwest.social 2 points 16 hours ago

That is so cool! I distil my own spirits and I make a good amount of illegally potent alcohol, but I've never heard about using them in baking. I will give it a try this weekend. Thank you

[–] Lime66@lemmy.world 38 points 19 hours ago

trump threatens punishing USA citizens if foreign entities do something he doesn't like

[–] ZeroHora@lemmy.ml 11 points 17 hours ago
[–] ShinkanTrain@lemmy.ml 14 points 19 hours ago (1 children)

"If you don't stay I will shit my pants so hard that you have to leave"

[–] deadbeef79000@lemmy.nz 5 points 13 hours ago

Shame that he doesn't have the capacity to decide when to shit his pants.

[–] sirico@feddit.uk 14 points 19 hours ago

Think China might be thinking it's ready, and that these tariffs only help fuel innovation.

[–] Mrkawfee@lemmy.world 9 points 19 hours ago (2 children)

This guy is all stick and no carrot.

[–] Xanthobilly@lemmy.world 5 points 15 hours ago

Have you seen that bronzer?! He must be some carrot, but it’s only skin deep.

[–] BNE@lemmy.blahaj.zone 7 points 18 hours ago

It's like his politics start and end through/with violence.

I wish I could remember - there was an Italian word for it. Oh well.

[–] jabjoe@feddit.uk 1 points 12 hours ago

If you shirk responsibilities that come with power, you lose that power.

If you abuse trust put in you, you lose that trust.

America is screwing itself.

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