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Trump has threatened to put 100% tariff on BRICS nations if they try to bypass the dollar in their international trade. The rupee has fallen to a record low of 84.70 post that. (I still remember the good old days when it used to trade at late 30s and early 40s).
So why is Trump pressuring other countries to continue using the dollar? How is America being a ‘sucker’ if it allows it to happen? And will this pressure stop the countries from creating another currency or will it accelerate the process?