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How will countries respond to Trump's proposed 100% tariff on abandoning US dollar by end of 2025?
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Resolution / Starting Odds
Comply and maintain US dollar as reserve currency • 25%
Negotiate alternative arrangements • 25%
Ignore and abandon US dollar • 25%
Other • 25%
Official statements or actions taken by governments of major economies
Story
Trump Promises 100% Tariffs on Countries Abandoning US Dollar, Claims It Will Be Strongest if Elected
Oct 15, 2024, 05:53 PM
Donald Trump stated that if elected, he would impose a 100% tariff on countries that abandon the US dollar as the world's reserve currency. During a discussion, Trump emphasized the security of the dollar, asserting that it would be the strongest it has ever been. He claimed that countries would back down from abandoning the dollar if faced with such tariffs, framing the issue as critical to America's economic standing. Trump's comments came in response to a question regarding the implications of losing the dollar's status as a reserve currency, which he likened to America losing a war.
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Similar markets
China • 25%
Russia • 25%
India • 25%
Other • 25%
Yes • 50%
No • 50%
Retaliatory tariffs • 25%
Negotiations • 25%
Ignore proposal • 25%
Other actions • 25%
Agree to not pursue new currency • 25%
Proceed with new currency plans • 25%
Negotiate with the U.S. • 25%
No official response • 25%
Impose retaliatory tariffs • 25%
Seek diplomatic negotiations • 25%
No significant response • 25%
Strengthen trade with other partners • 25%
Retaliatory tariffs imposed • 25%
Diplomatic negotiations initiated • 25%
No significant response • 25%
Other response • 25%
Supportive • 25%
Neutral • 25%
Opposed • 25%
Other • 25%
Negotiate with the US • 25%
Proceed with de-dollarization • 25%
Seek alternative alliances • 25%
No official response • 25%