{"id":258842,"date":"2024-09-07T22:12:29","date_gmt":"2024-09-07T22:12:29","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/09\/07\/donald-trump-vows-100-tariff-on-countries-that-leave-the-dollar\/"},"modified":"2025-06-25T17:11:29","modified_gmt":"2025-06-25T17:11:29","slug":"donald-trump-vows-100-tariff-on-countries-that-leave-the-dollar","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/09\/07\/donald-trump-vows-100-tariff-on-countries-that-leave-the-dollar\/","title":{"rendered":"Donald Trump vows 100% tariff on countries that leave the dollar"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2024\/09\/GettyImages-2170404248-e1725746054468.jpg?w=2048\" \/><\/p>\n<div data-cy=\"article-content\">\n<p>Donald Trump pledged on Saturday to make it too costly for countries to shift away from using the US dollar, adding a new pillar to his tariff platform. \u00a0<\/p>\n<div class=\"paywall\">\n<p>\u201cYou leave the dollar and you\u2019re not doing business with the United States because we are going to put a 100% tariff on your goods,\u201d the Republican presidential nominee said at a rally in the battleground state of Wisconsin. \u00a0<\/p>\n<p>The statement follows months of discussions between Trump and his economic advisers on ways to penalize allies or adversaries who seek active ways to engage in bilateral trade in currencies other than the dollar.\u00a0<\/p>\n<p>Options have included export controls, currency manipulation charges and tariffs, people familiar with the matter have\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-25\/trump-advisers-discuss-penalties-for-nations-that-de-dollarize\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/www.bloomberg.com\/news\/articles\/2024-04-25\/trump-advisers-discuss-penalties-for-nations-that-de-dollarize\" rel=\"noreferrer noopener\">previously told<\/a>\u00a0Bloomberg News.\u00a0<\/p>\n<p>Trump, who has long embraced protectionist trade policies, said the dollar has been \u201cunder major siege\u201d for eight years. China, India, Brazil, Russia and South Africa\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2023-08-23\/global-economy-latest-brics-and-dollar-alternatives\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/www.bloomberg.com\/news\/newsletters\/2023-08-23\/global-economy-latest-brics-and-dollar-alternatives\" rel=\"noreferrer noopener\">discussed de-dollarization<\/a>\u00a0at a summit last year. By contrast, Trump wants the dollar to remain the world\u2019s reserve currency, a pledge he renewed at Saturday\u2019s rally.<\/p>\n<p>Wisconsin is one of the most critical swing states in the race between Trump and Democratic rival Kamala Harris. The two are fighting for the support of the state\u2019s working-class voters, uneasy with President Joe Biden\u2019s economic agenda and drawn to Trump\u2019s populist appeals.<\/p>\n<p>A Bloomberg News\/Morning Consult\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-29\/election-2024-poll-harris-leads-or-ties-with-trump-in-swing-states\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/www.bloomberg.com\/news\/articles\/2024-08-29\/election-2024-poll-harris-leads-or-ties-with-trump-in-swing-states\" rel=\"noreferrer noopener\">poll released\u00a0<\/a>last week showed Harris leading in Wisconsin by 8 percentage points, the largest lead over Trump she has among the seven battleground states in the poll.<\/p>\n<p>Trump\u2019s Wisconsin rally caps off a campaign swing that included Pennsylvania and North Carolina, as well as a stop in his hometown of New York City where he delivered an economy-focused address and held a press conference.<\/p>\n<p>Harris spent Saturday in Pennsylvania preparing for a Tuesday debate with Trump, the next big test that could change the course of the close race.<\/p>\n<\/div>\n<div class=\"sc-1de0461b-0 yuNst article\" data-cy=\"subscriptionPlea\"><strong>Recommended reading:<\/strong><br \/>In our new special issue, a Wall Street legend gets a radical makeover, a tale of crypto iniquity, misbehaving poultry royalty, and more.<br \/><a href=\"https:\/\/fortune.com\/packages\/digital-issue-kkr\/?&amp;itm_source=fortune&amp;itm_medium=article_tout&amp;itm_campaign=kkr_issue\" target=\"_self\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/fortune.com\/packages\/digital-issue-kkr\/?&amp;itm_source=fortune&amp;itm_medium=article_tout&amp;itm_campaign=kkr_issue\" rel=\"noopener\">Read the stories.<\/a> <\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/fortune.com\/2024\/09\/07\/donald-trump-threatens-100-tariff-on-countries-that-turn-away-from-the-dollar\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Donald Trump pledged on Saturday to make it too costly for countries to shift away from using the US dollar, adding a new pillar<\/p>\n","protected":false},"author":1,"featured_media":258843,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[149],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/258842"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=258842"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/258842\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/258843"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=258842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=258842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=258842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}