Trump Threatens 100% Tariff To Save The Dollar! w/ Ed Dowd

Donald Trump is alarmed by the rise of BRICS and the possibility that the US Dollar might be replaced as the default global currency. And so, to ensure the dollar retains its international supremacy, Trump has threatened to impose 100% tariffs on any nation with the presumption to adopt an alternate currency.

Jimmy and Phinance Technologies founder Ed Dowd discuss whether Trump’s threats are merely an empty negotiating tactic and if this sort of heavy-handed demand-based economic and trade policy will likely succeed.


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#TheJimmyDoreShow is a hilarious and irreverent take on news, politics and culture featuring Jimmy Dore, a professional stand up comedian, author and podcaster. The show is also broadcast on Pacifica Radio Network stations throughout the country.

[aaronhoffman]

They stole German gold, Libyan gold and assets, Cuban assets, and Venezuelan gold and assets, and de facto, Russian billions. That is the record so far. Hence Brics, etc.

[cybervigilante]

The entire reason for BRICS is to oppose US Dollar-bullying. So Trump promises more Dollar-bullying. Duh...

[andyspoo]

Frozen funds are as good as stolen. Just ask the Canadian truck drivers.

[northrockboy]

maybe not having $34 trillion in debt would have helped the US dollar.

[KAZVorpal]

We NEED them to have a second currency.
Monopolies are evil, even when it's imposed by the criminals who pretend to represent us.

[sherwinlewis]

Who the hell is the US to tell any contry what currency to use..these people are crazy as hell

[iskandariacordoba]

All Trump is doing is reaffirming to the BRICS nations why they were leaving in the first place...
It's a very different world now compared to 2016.
Trump still thinks he is living in the early 2000s

[gauravtejpal]

Denial may not be a river in Egypt but it sure is in the US 😂

[andredecaires]

I have the most respect for Mr Dowd. But I believe that he is wrong. I live on the island of Saint Lucia in the Caribbean. If we want to import goods from, say, Sweden, we have to aquire US dollars to complete that transaction, even though the US has nothing to do with the transaction. But if our tiny island of 180, 000 people decided to openly support a free Palestine and the US does not support that position, the US can easily just remove our SWIFT corresponding bank access, effectively starving us. This is weaponizing the dollar. And the US is famous for these bullying moves. Smfh.

[MSArtist]

I have not heard U.S reporters talking positively about BRICs. Personally they don’t want the truth of how strong it is.

[PMunk]

Two points of contention with those statements made by Mr. Dowd. *1)* War is a business - manufactured and exploited, whose sponsors and investors derive profit from the ensuing catastrophe. Catastrophic consequences include mass murder, torture, pain, terror and rape of women, children and men. Revenue streams include the market for weapons, resources, reconstruction, land acquisition, human sex trafficking, organ trafficking, etc. *War (and its consequences) is a pillar of the U.S. economy, * and Trump knows this. *2)* Russia would not be the first country to be "de-banked" or otherwise have its assets seized (read: stolen). Venezuelan gold was stolen by American and British banks, its oil stolen, and Citgo franchises (mis)appropriated.

[osamagalal]

They did stole Iraqi and Iranian money

[michaeldubin]

Tariffs are designed to make imports more expensive relative to domestic goods, but since U.S. corporations outsources everything we have no options but to buy imports. All tariffs will do is raise prices on already broke Americans.

[zainzoala]

😂😂😂 That guy is unbelievable. Talking as if all these countries care about classic Trump or classic Biden .

[mybetterdays]

Not just cheap plastic shit, but the supply chain for most manufacturing including electronics, appliances, textiles, pharmaceuticals, as well as food.

[abnergrech]

Respect you Jimmy but after what the US did to the world in the past 30 years it is time to pay back. Trust is earned and not conquered with bullying!

[BrianPalmieri-ku]

Get rid of the Federal Reserve, bring back the gold standard.
Issue new currency, and tell people you want your money go after the people that created this mess.

[ambrosemorgan]

The theft of Russian assets wasn't the first such theft. The us has done that many times

[gauravtejpal]

'I am American! Reality must bend to my will!' 😂

[anonymousctorfgod]

The cost to trade with the US is so high with the tariff, it will end up devaluing the USD.