Official announcements from the US government or statements from President Donald Trump

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.