In his first major international policy statement since taking office, President Donald Trump took to X (formerly Twitter) to issue a stern warning to countries considering abandoning the US dollar for trade. “Any nation rejecting the dollar will face severe economic consequences, including a total ban on accessing the US market,” Trump declared.
His statement has caused ripples across the global economy, particularly within the BRICS bloc. Following the warning, the group announced it would indefinitely postpone the launch of its proposed currency, citing the need for further consultation.
Market analysts note that this move underscores the power of the US economy, but it also raises questions about the sustainability of dollar hegemony amid increasing challenges from emerging markets.
