Economist Warns Trump That BRICS Will 'Act Collectively' And Spark A Trade War With US Over 100% Tariff Threats

President-elect Donald Trump’s threat to impose 100% tariffs on BRICS nations if they create an alternative to the U.S. dollar has drawn mixed reactions from leading economists, highlighting tensions over global trade and currency dominance.

What Happened: Milken Institute Chief Economist William Lee suggests Trump’s approach reflects his preference for direct bilateral negotiations over multilateral agreements.

“Trump has shown his desire for direct negotiations,” Lee said, noting the contrast with President Joe Biden‘s behind-the-scenes approach to trade deals. Lee emphasized that Trump’s tariff threats serve as leverage to drive negotiations, particularly with major trading partners.

However, British economist Dr. Rodney Shakespeare warns that such aggressive tactics could backfire. “Trump thinks he can target BRICS countries individually, but doing this will cause BRICS ...

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