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
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.
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,
Trump promises 100% tariffs on BRICS nations if they create rival currency
President-elect Donald Trump on Saturday warned the BRICS nations they will face a 100% tariff in U.S. domestic markets if they proceed with plans to create a new currency to compete with the dollar.
Trump warns BRICS countries from trying to replace Dollar as world reserve currency: '100% tariffs'
"They can go find another "sucker!" There is no chance that the BRICS will replace the U.S. Dollar in International Trade, and any Country that tries should wave goodbye to America," Trump wrote.
Kremlin Says Trump Threat to BRICS Nations Over US Dollar Will Backfire
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 impose tariffs on BRICS countries if they created their own currency.
Why is Trump threatening a 100% tariff on the BRICS nations?
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.
China Reacts to Trump's BRICS Threat
President-elect Donald Trump on Saturday warned members of the bloc against any attempt to supplant the dollar.
What's Behind Trump's De-Dollarization Tariff Threats to Brics Countries
President-elect Donald Trump railed on social media over the weekend against a group of emerging economies for their attempts to circumvent the dollar. While markets mostly took Trump's words in stride,
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 ...
Mises Institute1d
US Bond Yields Rise as Reserve Currency Status Wanes
The Federal Reserve continues to be the not-so-silent partner to the government's reckless deficit spending scheme. While the ...
Police warn counterfeit currency season is in ‘full bloom.' How to spot ‘washed' notes
Cleburne police warn counterfeit bills have been passed at local retailers and restaurants, and the concern this year is a ...
Stable Indian Rupee Weathers Currency Storm Unleashed By Trump's Tariff Threats
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look ...
Roblox will now give users 25% more of its in-game currency if you buy Robux on its website
As scrutiny around Apple's and Google's app store fees ramps up around the world, Roblox is now offering users who buy its ...
Empty bowls and rising rates: North Korea's currency chaos returns
In North Korea, the relentless rise in the exchange rates of foreign currencies, coupled with surging food prices, paints a ...
Rupee hits all-time low; TCS, Infosys, HCL Tech among stocks to benefit from weak currency, say experts
The Indian rupee’s depreciation against the dollar presents both challenges and opportunities. Software exporters may see ...