🌎 Brazil Denounces Dollar Weaponization 💰, Advocates Trade in Local Currencies 💱

🇧🇷 Brazil takes a bold stand against the political use of the U.S. dollar in global trade. Finance Minister Fernando Haddad warns:

⚠️ “Over-reliance on the dollar could weaken it if used for political leverage.”

✅ He stresses: Countries should trade in their national currencies, reducing transaction costs & boosting economic independence.

💥 This comes amid rising trade tensions with the U.S., including threats of 50% tariffs on Brazilian exports.

🤝 President Lula da Silva supports BRICS nations trading in local currencies and is exploring a potential BRICS common currency—a game-changer in global finance.

📊 Market Impact:

⚡ Short-term: Possible volatility in dollar-dependent markets.

🌱 Long-term: Encourages de-dollarization, reducing U.S. economic leverage.

💹 Investors: Emerging markets like Brazil gain appeal as local currency trade strengthens.

✨ Brazil’s push for national currency trade signals a strategic shift 🌐—challenging dollar dominance and reshaping global trade dynamics.