US President-elect Trump isn't playing nice with BRICS! Find out why he’s threatening 100% tariffs and what that means for the global economy!
In a bold and somewhat surprising move, President-elect Donald Trump has thrown down the gauntlet to the BRICS nations—an alliance of emerging economies that includes Brazil, Russia, India, China, and South Africa. Trump’s warning that he would impose a whopping 100% tariff on countries part of this group if they even flirt with the idea of sidelining the US dollar has raised eyebrows across the globe. This dramatic declaration not only underscores the current tension between the US and these emerging economic powerhouses but also reflects a significant shake-up in international financial relations.
In his characteristic style, Trump is requiring these nations to commit unequivocally to the continued use of the US dollar, presenting it as a loyalty test. With a nod to both economics and geopolitics, the incoming US administration is effectively saying, “you’re with us or against us.
(Bloomberg) -- US President-elect Donald Trump warned the so-called BRICS nations that he would require commitments that they would not move to create a new ...
International, MNA | President-elect Donald Trump on Monday threatened to impose a 100 percent tariff on the BRICS group nations if they undercut the US ...
US president-elect Donald Trump issued a warning to Brics nations on Saturday, in the form of a threat to impose 100 per cent tariffs on any country that ...
President-elect Donald Trump said he would require countries that are part of BRICS — a China- and Russia-backed group of emerging economies — to commit to ...
His warning to BRICS countries is more like a loyalty test to see which countries will publicly take the stand India already has.
Warning against pushing alternatives to reserve currency is latest trade threat from incoming president. US President Donald Trump at a campaign rally in ...
ISTANBUL – US President-elect Donald Trump issued a warning Saturday to nations that he would impose a 100-percent tariff on any BRICS country that attempts ...
US President-elect Donald Trump warned the so-called Brics nations that he would require commitments that they would not move to create a new currency as an ...
President-elect Donald Trump on Saturday warned BRICS countries against any move to replace the US dollar and has sought a commitment from the nine-member ...
Trump threatens BRICS countries that his administration would impose 100 per cent tariffs on all imports from those countries, should they dare to launch ...
The warning of US President-elect Donald Trump to BRICS countries to impose 100 per cent customs duties if the BRICS group would replace the US dollar is ...
US President-elect Donald Trump warned the so-called Brics nations that he would require commitments that they would not move to create a new currency as an ...
US President-elect's Donald Trump has threatened nine country BRICS bloc with 100% tariffs if they went ahead the plan to counter US dollar's prominence in ...
President-elect Donald Trump said he would require countries that are part of BRICS — a China- and Russia-backed group of emerging economies — to commit to ...
US president-elect threatens retaliation if emerging economies create new currency to rival US dollar.
DOLLAR CHALLENGE: BRICS countries' growing share of global GDP threatens the US dollar's dominance, which some member states seek to displace for world trade.
US President-elect Donald Trump has threatened to impose 100% tariffs on a bloc of nine nations if they were to create a rival currency to the US dollar.
President-elect Donald Trump said he would require countries that are part of BRICS — a China- and Russia-backed group of emerging economies — to commit to ...
Setting the stage to counter any challenge to the dollar's domination in global trade, US President-elect Donald Trump has threatened the BRICS grouping, ...
Putin has led longstanding efforts among the BRICS countries to reduce the role of the US dollar as the world's reserve currency.
The US dollar was boosted after US President-elect Donald Trump threatened BRICS member countries with 100% tariffs if they create or support a new currency ...
MOSCOW - A summit of the BRICS countries held in the Russian city of Kazan in October was a slap in the face for Western nations which imposed sanctions on Russia, the CEO of Russia's second largest lender VTB Andrei Kostin told Reuters in an interview.
that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty US Dollar or, they will face 100 percent Tariffs," Trump ...
MOSCOW - The Kremlin said on Monday that any U.S. attempt to compel countries to use the dollar would backfire after U.S. President-elect Donald Trump ...
As the US president-elect threatens to make it costly for a group of nine developing nations to drop the US dollar as their go-to currency for international ...
De-Dollarisation: Donald Trump has threatened to impose 100 per cent tariffs on Brics nations if they push for de-dollarisation and introduce a currency ...
Donald Trump has threatened to impose sanctions on BRICS countries if they look to create a new currency or challenge the US dollar.
The president-elect vowed to levy the duties if the contingent tries to replace the U.S. dollar's role in international trade. Published Dec. 2, 2024.
The Kremlin said on Monday that any U.S. attempt to compel countries to use the dollar would backfire after U.S. President-elect Donald Trump threatened to ...
Donald Trump said the U.S. would hit Brazil, Russia and six other countries with a crushing tariff if they sought to challenge the dollar.
U.S. President-elect Donald Trump has threatened BRICS nations with 100% tariffs if they decide to challenge the U.S. dollar's dominance.