The international stock market is facing a major setback after donald trump took office as the US President, imposing a 25 percent tax on imports from neighboring countries canada and Mexico. Meanwhile, many people talk about trump not imposing any tax on China, but I must say that they have forgotten to pay attention to this one thing. When donald trump spoke after taking office as President, he announced that if the BRICS countries make any effort to reduce the use of the dollar in their international trade, they will be subject to a 100 percent tax, not a 25 percent tax.
While the BRICS group includes Brazil, Russia, China, South Africa, and india, trump has reiterated his plan to impose a 100 percent tax on countries that try to reduce their dependence on the US dollar in international trade after stepping down from the election campaign.The 100 percent tax will be imposed only if the BRICS countries plan to undertake de-dollarization efforts. He said that if the tax is imposed, they will automatically back down from their efforts, ANI reported. It is no exaggeration to say that Trump's threatening tone has angered the BRICS countries. The BRICS group was introduced in 2009. india is a key member of the BRICS economic group. trump also said that what he is saying should not be taken as a threat, this is our clear position, ANI reported. Russia, China, and india have been implementing a system of using their own national currencies for trade between the two countries in order to reduce their dependence on the dollar for the past few years. While many people supported this method, many countries joined it. Especially Southeast Asian countries joined it a lot.Now, the Trump-led US government is not only blocking it but also threatening to impose a 100 percent tax. This raises the question of whether it will back down from this process. It is predicted that Trump's announcement will definitely have a big impact on the BRICS countries, which are convinced that our country's economy will grow only if we reduce the use of the dollar. Therefore, we will watch every step and take it safely.
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