Mexico, Canada, China, now other countries are in the president-elect’s tariff cross-hairs, including Brazil, Russia, India, South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates, also known as BRICS. The BBC reported Sunday Donald Trump has threatened to impose 100 percent tariffs on those countries if they were to create currency to rival the U.S. dollar. Rockland Congressman Mike Lawler, covering the Hudson Valley’s 17th district, says it’s all part of Trump’s strategy…
The BBC says there has been some discussion from politicians in Brazil and Russia about creating a so-called “BRICS currency” to reduce the Dollar’s dominance in global trade, but there’s been no agreement on the issue. Trump supporters have called the comments by the president-elect “negotiating tactics” and “leverage.”