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Will the U.S. dollar lose its status as the primary reserve currency by end of 2025?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Reports and data from the International Monetary Fund (IMF) or major financial institutions
Story
Trump Threatens 100% Tariffs on BRICS Countries for Undermining U.S. Dollar
Nov 30, 2024, 05:55 PM
Former President Donald Trump has announced that the U.S. will impose a 100% tariff on countries within the BRICS bloc if they attempt to create or back any currency other than the U.S. dollar. This statement, made via Truth Social, comes in response to discussions about potentially replacing the dollar in international trade. Trump's announcement indicates a strong stance against any moves by BRICS nations to undermine the dollar's global reserve currency status. The threat of tariffs aims to ensure that these countries remain committed to the dollar, with Trump explicitly stating that any deviation would result in severe economic repercussions.
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