News-News.Zip

News in English (USA) / 02.12.2024 / 10:00

Trump Threatens 100% Tariffs on BRICS Nations Over Dollar Support

In a bold maneuver, Donald Trump has issued a warning to the BRICS countries, including India, China, and Russia, threatening to impose 100% tariffs if they pursue measures to create a new currency or move away from the US dollar. This threat has sparked fears of escalating trade tensions and raised questions about the implications for global markets. Experts are divided, with some deeming the tariff threat unrealistic, while others suggest it could significantly impact relations with these emerging economies. As gold prices fluctuate and the US dollar strengthens, the call for BRICS nations to recommit to the dollar highlights a sensitive moment in international trade dynamics.
BBC.com, CNN, The Indian Express, The Guardian, Business Insider, Bloomberg, NDTV, ABC News, Kyiv Post, The Daily Beast