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VisitTrump 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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Markets
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Official statements or reports from international financial institutions or governments
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Official announcements from the US government or statements from President Donald Trump
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Foreign exchange market data and reports from financial institutions
Comply and maintain US dollar as reserve currency • 25%
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Ignore and abandon US dollar • 25%
Negotiate alternative arrangements • 25%
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Implement counter-tariffs against US • 25%
Seek alternative trade agreements • 25%
Increase US dollar reserves • 25%
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US dollar remains dominant • 25%
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