Trump threatens 100% tariffs on BRICS nations over effort to replace dollar

President-elect Donald Trump is vowing to impose 100% tariffs on BRICS nations unless they commit to not developing a new currency. CBS News MoneyWatch correspondent Kelly O'Grady joins to explain more.

[nazriali]

100% tariff will make Americans pay more for consumer products from the BRICS countries. It means Americans getting poorer and shoots inflation sky high. As we all know, almost affordable consumer products nowadays were made in China.

[richiandino]

Isn't that the whole point of leaving the U.S currency? So they don't be threatened by this?

[Nubialady]

Thank you Trump to speed up the de dollarization process, USA arrogance will be their downfall...

[JohnnyMek-xmff]

Yeah bring it on. Isn’t that one of the reasons BRICS is all about?!

[AD-ubly]

isn't this bullyish behavior the main reason why they are doing it in the first place?

[ashifabedin]

casino owner threatens customers who leave.

[WongYoonChark]

All countries totally stop trade with usa.
All countries can trade with china that has every thing and name it had it, no tariff.
Easy reciprocating trade, no tariff.
They also can buy oil from russia and Iran does not need usd.

[years]

Russia, Chy-na, Iran and the others have nothing to lose. They just need to convince India to trade in other currencies accept the dollar. Bye-bye America, enjoy your idiocrasy apocalypse

[dstarrII]

The only thing he will do is make the isolation successful

[neale.l]

As a Malaysian, Trump threatening BRICS Nation can be translated as “Trump kneeling down begging not to abandon US dollar”…😂😂

[EnterInfo-gois]

This guy has lost it. He still doesn't understand how tariffs work

[osagieafe]

You all voted for this?! Enjoy the ride

[andrewlindsay]

The irony. America waved goodbye to America on November 5th.

[mcLynguist]

That’s the point, we want to say goodbye to America 😄

[brandj-]

A lot of news have been going on about a rally after the election, urging investors to watch out for stocks that would be experiencing significant growth. Any idea which stocks to put on my watchlist? I am looking at Nvidia, XRP, but i cant wrap my head around choosing one. Roughly $150k in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.Ill be retiring soon.

[itsmeyoufool]

Sorry Trump we're not interested in bailing out your failing dollar,

[ryanking]

There is a scary lack of understanding in this comment section.

[bluecouchpodcast]

Countries like South Africa 🇿🇦🇿🇦🇿🇦 are no longer threatened..Theyve swiftly moved along and looked East.

[grimmick]

Y'all it's just punishing us 😭 we don't have the climate to grow certain foods, imports can't all just be American made. There are so many things we NEED imported. That was one of the biggest reasons we STARTED to import. :'(

[lukman]

It all started with petty sanctions, axis of evil statements. Most nations were happy to have USD as world currency. But weaponization of the USD based on ideology or geopolitics will make nations think twice about storing wealth in USD.

Then came pandemic and basically we irresponsibly printed trillions which was diluted among all USD holders, including non US entities and also drove the prices up. It was very selfish move but understanble. Nevertheless, the result of heavy printing is that other nations will think twice again before storing all of their funds in USD. They will further diversify.