Trump's threat to punish countries that drop US dollar will speed up de-dollarization

Donald Trump has threatened that, if he comes back as US president, he will impose 100% tariffs on countries that drop the dollar, trying to cut off their trade. Ben Norton discusses how this will accelerate the global dedollarization movement, incentivizing more nations to join China, Russia, and BRICS in seeking financial alternatives.

Topics
0:00 (Clip) Trump threatens countries that drop US dollar
0:49 De-dollarization
2:06 (Clip) Trump pledges tariffs on nations that de-dollarize
2:24 Dollar system is not a "public good"
3:03 BRICS
3:49 BRICS Bank (New Development Bank)
4:33 Brazil's Lula calls to drop US dollar
5:10 China & Brazil de-dollarize trade
5:35 China & Russia de-dollarize trade
6:01 Russia & Iran de-dollarize trade
6:10 Southeast Asia (ASEAN) de-dollarizes
7:05 (Clip) Trump: "I would not allow countries to go off the dollar"
7:37 Trump's plans to punish independent countries
8:22 Dollar system and US imperial decline
10:00 China is biggest trading partner of most countries
11:11 BRICS GDP (PPP) is bigger than G7
12:27 Largest economies on Earth (Rise of Global South)
14:01 US imperialism is in crisis
16:27 China's share of global trade
16:40 China de-dollarizes its trade
20:10 China buys oil & gas in yuan/renminbi
21:56 De-dollarization of trade vs savings (investment & reserves)
22:40 China dumps US Treasury securities
25:11 China's central bank buys gold
25:56 JP Morgan report on dedollarization
27:07 Multipolar financial world
29:01 Outro

|| Geopolitical Economy Report ||

[PeterDixon-on]

Get used to it Trump the world has had enough of America, its politics, and arrogance.

[MsLampalampa]

He is talking to his dumb voters he knows damn well he cant stop this.
Dollar is done.

[oneillbilder]

The U.S. economy relies on ongoing credit and debt generation for sustenance. The Federal Reserve is expected to increase the money supply, leading to further debt accumulation for the average American. Meanwhile, foreign nations continue to desire the U.S. dollar, despite their own economies facing significant challenges, some even worse than that of the U.S. This situation raises concerns about who will ultimately bear the consequences of these economic dynamics.

[smash_]

he is not a father of the world. outside America, he is nothing to us.

[pervez]

They think whole world is their servant.

[KenWong-gt]

🤣🤣🤣100% tariffs it's the U.S citizens who is going to pay for it

[shahzikhan]

Other countries have the right to use their own currency or whatever currency they want .Tough shit for US dollar .Everyone is fed up of US and its bullying

[SB-htpn]

"I would not allow countries go off the dollar"....the arrogance is unbelievable.

[suzanneharris]

The more Trump AND Kamala talk, the more I feel like getting the hell out of the U.S. Incredibly unqualified contenders, the both of them. 👇 😡

[Riggsnic_co]

A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k

[Lyess]

Punishing countries is exactly the why they are leaving the dollar. Plus USA in not the biggest market.

[booneulidan]

THE WORLD IS SICK AND TIRED OF AMERICA'S ARROGANCE. ENOUGH IS ENOUGH!

[grouchypatch]

The sheer arrogance and audacity of the usa will be its downfall.

[mythbusterthe]

Punish countries that dropped the dollar???
Brave words. 😂😂😂
Dedollarization will accelerated and nations will stormed to join BRICS.

[hoothothoti]

Newsflash, nobody wants to do business with US, that's the whole point of de-dollarization 🤣🤣.

[Dennis]

He doesn’t have that power to stop countries from ditching the dollar. That time is long gone

[laichuonkui]

3rd world country said ", bring on. You don't force us to eat shit. "

[TheRealMcCoyAndChipsAhoy]

Punish other countries? All these American are they to punish others?

[kaisersoze]

I live in Türkiye and about 7 years ago, economic sanctions were imposed on us due to a political dispute we had with the USA. After the sanctions, the Turkish lira rapidly lost value and millions of people were victimized by this situation. It is now 2024 and the Turkish lira has still not regained its former strength and continues to lose value. Of course, USA sanctions are not the only reason for this, but we should not forget that it is one of the main reasons. The USA has lost a little more trust after each country it has imposed economic sanctions on, and now they seem to have come to the end of the road. I hope this mafia system will end as soon as possible.

[manjotsingh]

If you impose 100 percent tariffs……. Your inflation will sky rocket….. total chaos