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Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar (apnews.com)

submitted 1 week ago by [email protected] to c/[email protected]

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His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.

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[–] clutchtwopointzero 8 points 1 week ago* (last edited 1 week ago)

What the world must learn is that, in the American system, the word of a sitting president or from his secretaries are worth next to nothing in the medium to long term (ie beyond 8 years) until it passes congress and becomes law. I would say the world is a sucker for believing that promises made by the executive would stick beyond their own terms