Tag: Brics
Trump threatens 100% tariff on Brics nations if they try to replace dollar
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. “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,” Trump wrote on social media on Saturday. Major world powers China and Russia are part of the Brics alliance, along with Brazil, India, South Africa, Iran, Egypt, Ethiopia and the United Arab Emirates. During the US election, Trump campaigned on implementing widespread tariffs. He has escalated threats of steep levies [Read More…]
