#TrumpTariffs Standing on stage in Rio, Putin boldly declared, “Globalization is over. It’s time to trade in local currencies.” That’s a direct challenge to the U.S. dollar. In fact, Russia is already conducting 90% of its BRICS trade without using USD — and now, they’re launching a new system called “BRICS Clear” to bypass SWIFT altogether.
Trump? He didn’t stay on the sidelines.
He fired back with a warning: Any country supporting this anti-dollar shift could face a 10% tariff — and don’t forget, he’s floated 100% tariffs before. This could heat up fast.