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.
BRICS currency: Is Trump's tariff threat justified?
President-elect Donald Trump has warned BRICS nations of 100% tariffs over plans for a new currency to challenge the US dollar. DW examines why these economies are taking on the world’s reserve currency.
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,
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.
Q&A: Trump Threatened Huge Tariffs on Brics Countries. Why?
The president-elect said he would impose 100% tariffs on countries that seek to replace the U.S. dollar as the main global currency for settling global trade transactions. Chelsey Dulaney explains what is behind Donald Trump’s threat.
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.
South Korean Currency Slumps After Martial Law Declared
The South Korean won hit a two-year low against the U.S. dollar following President Yoon Suk Yeol's declaration of martial ...
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 ...
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 ...
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Demand for Indian rupee decreases, price of the currency falls
Globally also, the Indian rupee declined to a lifetime low yesterday (3 December), pressured by the US dollar's rally against its major peers and on concerns over the Asian country's slowing growth ra ...
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.
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 ...
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 ...
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 ...
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 ...