Trump’s Threat Over an Imaginary Currency Risks Backfiring on the U.S. Dollar
After his 100% tariffs warning to Brics nations, some economists say the president-elect risks accelerating the pursuit of alternatives to the greenback.
Trump threatens 100% tariff on BRICS countries if they pursue creating new currency
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 not creating new currency or face 100% tariffs during his administration.
Trump threatens 100% tariffs on China and Russia if BRICS group of nations issues new currency
US President-elect Donald Trump threatened to levy 100% tariffs on BRICS — a China- and Russia-led group of nations with emerging economies — if the countries decide to issue their own
Donald Trump warns BRICS countries of "100% tariff" over new currency plans
Donald Trump warned of 100% tariffs on BRICS nations — composed of Brazil, Russia, India, China and South Africa — should they develop a new currency to compete with the U.S. dollar. “The idea that the BRICS countries are trying to move away from the dollar while we stand by and watch is over,
After Trump’s Tariff Threat, Is a China Currency War Next?
While China could offset American tariffs by letting its currency fall, that might endanger Beijing’s recent efforts to stabilize the economy.
Treasury yields spike from October lows after Trump's latest tariff threat
U.S. yields jumped from their lowest levels since October Monday morning after President-elect Donald Trump threatened 100% tariffs against the so-called BRIC alli
BRICS currency: Is Trump's tariff threat justified?
Trump threatens BRICS with tariffs if they dump the dollar
US President-elect Donald Trump has warned the BRICS countries that they will be hit with 100% tariffs if they attempt to set up an alternative currency to the dollar to settle trade deals. “Do not even think about creating your own BRICS currency,
Political unrest undermines South Korea's currency, stock market
Political instability in South Korea has caused the nation's won to plunge in value and has shaken confidence in the nation's ...
Traders Defy China's Yuan Support, Sending Currency to One-Year Low
Traders defied China’s efforts to support the yuan, sending the currency to a one-year low on bets policymakers will have to ...
South Korea Won Rebounds, Outperforms Steady EM Currency Index
The South Korean won rebounded against the dollar after President Yoon Suk Yeol reversed his martial law declaration, ...
South Korean currency tumbles, Euro rises after declaration of martial law
The Korean won was one of the biggest movers on Tuesday, plunging against the U.S. dollar after South Korea's president declared martial law.
Spike in cocaine, contraband cigarettes, and currency seizures: India’s anti-smuggling agency
Gold quantity seized fell by 9% in FY24 to 1,319 kg, Dubai a major transit hub for cigarette smuggling into India ...
South Africa’s Standard Bank Expects Earnings to Be Hurt by Currency Strength
The South African lender said currency devaluations and the recent strength of the rand diluted its performance in local ...
TCW Emerging Markets Local Currency Income Fund Q3 2024 Commentary
TCW Emerging Markets Local Currency Income Fund, I Class returned 8.98% for the third quarter of 2024, in line with JP Morgan ...
Russia's currency crisis as sanctions bite
Rouble plunges to lowest rate against dollar since invasion of Ukraine as economic toll finally begins to be felt ...