Prominent South Africans on Sunday expressed anger over President-elect Donald Trump's threat to impose 100% tariffs on BRICS countries if they seek to create an alternative to the US dollar as the world's reserve and trade currency. showed a reaction.
As Breitbart News reported on Saturday,
President Trump said in a Truth social post that BRICS countries that try to “displace the strong US dollar” will “face 100% tariffs” and should also prepare to “say goodbye to the sell-off” of the U.S. economy. I wrote.
BRICS, an acronym for the countries of “Brazil, Russia, India, China and South Africa,” is “an informal grouping of emerging economies that wish to increase their influence in the world order,” the Council of Foreign Countries said. are. relationship. The group was founded in 2009 and South Africa joined a year later.
The Council on Foreign Relations noted that BRICS has sought to “coordinate the economic and foreign policies of its member states, establish new financial institutions, and reduce dependence on the US dollar.”
Thuli Madonsela, South Africa's former public protector, said: reacted He was furious on It should serve as an opportunity to do so.
Later, after receiving responses from South Africans who actually agreed with Trump, Madonsela said Trump's logic was a “supremacist paradigm” that allowed “gender-based violence (GBV) to flourish with impunity”. He said that this is an example.
As of 2022, the United States is South Africa's second largest export destination after China. data. South Africa's currency, the rand, was once stronger than the dollar, but its value has fallen significantly over the decades.
As Breitbart News pointed out, the incoming Trump administration is set to renew major trade agreements, and South Africa is planning to host the G20 next November, giving it an unusual amount of influence to drive change in South Africa. have.
Joel B. Pollack is a senior editor at Breitbart News. Breitbart News Sunday Sunday nights from 7:00 PM to 10:00 PM ET (4:00 PM to 7:00 PM PT) on Sirius XM Patriot. he is the author of Agenda: What should President Trump do in his first 100 days?available for pre-order on Amazon. He is also the author of Trumpian Virtues: Lessons and Legacy of the Donald Trump Presidencynow available on Audible. He is the recipient of the 2018 Robert Novak Journalism Alumni Fellowship. Follow him on Twitter @joelpolak.
