Donald Trump seeks ‘commitment’ from BRICS on using US Dollar or else ‘should expect to say goodbye to…’
3 weeks, 1 day ago

Donald Trump seeks ‘commitment’ from BRICS on using US Dollar or else ‘should expect to say goodbye to…’

Hindustan Times  

US President-elect Donald Trump warned the so-called BRICS nations that he would require commitments that they would not move to create a new currency as an alternative to using the US dollar and repeated threats to levy a 100% tariff. “The idea that the BRICS Countries are trying to move away from the dollar while we stand by and watch is OVER,” Trump said in a post to his Truth Social network on Saturday. Trump has long stressed that he wants the US dollar to remain the world’s reserve currency, saying in a March interview with CNBC that he “would not allow countries to go off the dollar” because it would be “a hit to our country.” The president-elect’s warning against the BRICS nations suggests “how confused the incoming administration is about the global trade and capital system,” according to Michael Pettis, a senior fellow at the Carnegie Endowment for International Peace. Earlier: Trump Aides Discuss Penalties for Nations That De-Dollarize “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 said Saturday.

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History of this topic

Why Donald Trump should tame his love for tariffs
1 week, 3 days ago

Why Donald Trump should tame his love for tariffs

Firstpost  

It should be useful for the Trump administration to review the structural issues and excessive dependence on unilateral and punitive approaches that run counter to his own objectives of Making America Great Again in the short and medium term President Donald Trump loves tariffs, especially when he can unilaterally impose them as a dangling stick, hoping it might turn into …

'No proposal to have BRICS currency': Jaishankar reacts to Trump's 100 per cent tariff warning
2 weeks, 1 day ago

'No proposal to have BRICS currency': Jaishankar reacts to Trump's 100 per cent tariff warning

India TV News  

External Affairs Minister Dr S Jaishankar on Saturday said that BRICS countries do not intend to weaken the US dollar and India has never been for de-dollarisation. His statement came in response to US President-elect Donald Trump's recent threats of imposing a 100 per cent tariff if BRICS countries went ahead with plans for a common currency. He threatened the …

On Trump's tariff threat, Jaishankar says India never for de-dollarisation
Top News
2 weeks, 1 day ago

On Trump's tariff threat, Jaishankar says India never for de-dollarisation

India Today  

External Affairs Minister S Jaishankar on Saturday responded to President-elect Donald Trump's threat to impose a 100 per cent tariff on Brics countries, saying that India has no intentions of weakening the US dollar. Jaishankar's remarks came a week after Donald Trump posted on his Truth Social platform, seeking a commitment from Brics nations that they would not create a …

After Donald Trump’s ‘go find another sucker’ comment for BRICS nations, UN agency warns of global trade war
2 weeks, 4 days ago

After Donald Trump’s ‘go find another sucker’ comment for BRICS nations, UN agency warns of global trade war

Live Mint  

A United Nations agency has issued a warning about the potential for a global trade war following comments from US President-elect Donald Trump aimed at BRICS nations. Trump's remark, “Go find another sucker,” directed at—Brazil, Russia, India, China, and South Africa—has raised concerns about growing tensions in global trade. However, the agency cautioned that trade wars could undermine this progress …

How Trump is rethinking economic power
2 weeks, 4 days ago

How Trump is rethinking economic power

Live Mint  

In September, Donald Trump made an impassioned defense of the dollar’s status as the world’s reserve currency: “If we lost the dollar as the world currency, I think that would be the equivalent of losing a war." Yet Trump’s defense of the dollar is a window into how he thinks the U.S. should exercise its economic power. “The more that …

Trump vows to defend U.S. dollar hegemony, but is it under threat?
2 weeks, 6 days ago

Trump vows to defend U.S. dollar hegemony, but is it under threat?

Raw Story  

U.S. President-elect Donald Trump has threatened retaliation against governments that challenge the US dollar, vowing "100 percent tariffs" on countries that undercut the US currency. "The US dollar remains as dominant as ever as a global funding currency, a payment currency for international transactions, and a reserve currency," said Eswar Prasad, a professor of international trade policy at Cornell University …

Should Brics worry about Trump’s threat?
2 weeks, 6 days ago

Should Brics worry about Trump’s threat?

Live Mint  

The president-elect of the US, Donald Trump, has threatened the Brics nations with 100% tariffs should they create their separate currency or back any other currency in their attempt to move away from the dollar. While Trump’s muscle-flexing over the dollar cannot be ignored, experts believe such an action is unlikely to be taken by the US for two reasons: …

India needs to be cautious on Trump threat of tariffs
2 weeks, 6 days ago

India needs to be cautious on Trump threat of tariffs

New Indian Express  

US president-elect Donald Trump’s latest beef about BRICS countries trying to create their own common currency to curb the dominance of the dollar is a typical Trumpian response to what looks like a non-issue. Trump has threatened the BRICS countries with 100 per cent duties on goods sold to the US by these countries if they go ahead with the …

Trump's tariff threats target BRICS nations
2 weeks, 6 days ago

Trump's tariff threats target BRICS nations

China Daily  

By HENG WEILI in New York | China Daily | Updated: 2024-12-03 09:36 People walk past a board displaying currency exchange rates of the US dollar and Euro against Russian rouble in Moscow, Russia, November 27, 2024. On Saturday evening, US President-elect Donald Trump threatened to impose 100 percent tariffs on BRICS countries — which include China and Russia — …

Trump's tariff threats target BRICS nations
2 weeks, 6 days ago

Trump's tariff threats target BRICS nations

China Daily  

People walk past a board displaying currency exchange rates of the US dollar and Euro against Russian rouble in Moscow, Russia, November 27, 2024. On Saturday evening, US President-elect Donald Trump threatened to impose 100 percent tariffs on BRICS countries — which include China and Russia — that do not use the dollar as their reserve currency. "We require a …

Trump's tariff threats target BRICS nations
2 weeks, 6 days ago

Trump's tariff threats target BRICS nations

China Daily  

By HENG WEILI in New York | China Daily | Updated: 2024-12-03 09:36 People walk past a board displaying currency exchange rates of the US dollar and Euro against Russian rouble in Moscow, Russia, November 27, 2024. On Saturday evening, US President-elect Donald Trump threatened to impose 100 percent tariffs on BRICS countries — which include China and Russia — …

Trump's tariff threats target BRICS nations
2 weeks, 6 days ago

Trump's tariff threats target BRICS nations

China Daily  

People walk past a board displaying currency exchange rates of the US dollar and Euro against Russian rouble in Moscow, Russia, November 27, 2024. On Saturday evening, US President-elect Donald Trump threatened to impose 100 percent tariffs on BRICS countries — which include China and Russia — that do not use the dollar as their reserve currency. "We require a …

DC Edit | Trump’s Brics threat is premature
2 weeks, 6 days ago

DC Edit | Trump’s Brics threat is premature

Deccan Chronicle  

US President-elect Donald Trump’s threat to levy 100 per cent duty on imports from Brics+ nations, if they chose to float an alternative global reserve currency to the US dollar, is premature and does not take into account ground realities. Eighty eight per cent of foreign exchange transactions take place in the dollar, 58 per cent of foreign currency reserves …

Dollar challenge to Brics nations
Top News
3 weeks ago

Dollar challenge to Brics nations

Hindustan Times  

Donald Trump will only take over the White House in January next year. ALLISON ROBBERT/Pool via REUTERS/File Photo After his proclamations of imposing tariffs on countries such as Canada and Mexico on his first day in office, Trump has now warned Brics countries against attempts to float any other currency to challenge the dollar’s hegemonic status. To give an example, …

How far Donald Trump’s BRICS tariff threat can become a reality
3 weeks ago

How far Donald Trump’s BRICS tariff threat can become a reality

Firstpost  

Too many overlapping tariffs are likely to harm American interests by raising domestic consumer prices. To put American interests first, President Trump might have to balance his initiatives in Trump 2.0 and distinguish sharply between friend and foe Trump wants reciprocity from perceived friends in Europe, the EU, and NATO, as well as strategic partners such as India and Taiwan …

Why is Donald Trump threatening Brics members against de-dollarisation?
Top News
3 weeks ago

Why is Donald Trump threatening Brics members against de-dollarisation?

Firstpost  

Donald Trump has demanded that Brics members promise not to create a new currency or support another currency to replace the United States dollar as the world’s reserve currency. Trump has demanded that Brics member nations promise not to create a new currency or support another currency to replace the United States dollar. “We require a commitment from these countries …

Trump’s 100 per cent tariff threat on BRICS: Need to see if US law permits sanctions: Ex-RBI Guv
3 weeks ago

Trump’s 100 per cent tariff threat on BRICS: Need to see if US law permits sanctions: Ex-RBI Guv

Live Mint  

Hyderabad, President-elect Donald Trump’s warning that BRICS countries will face 100 per cent tariffs if they choose to move away from the US dollar is unclear to what extent he will carry out his threat, as it remains to be seen if the US law permits such an action, former RBI Governor Duvvuri Subbarao said on Monday. The nine-member group …

“Find another sucker”: Trump threatens 100% tariff on countries that resist U.S. dollar
3 weeks ago

“Find another sucker”: Trump threatens 100% tariff on countries that resist U.S. dollar

Salon  

President-elect Donald Trump's tariff threats continued on Saturday with a pledge to enact 100% tariffs on a bloc of nine countries if they shift away from the U.S. dollar in international trade. “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar,” Trump …

Trump's 100% tariff threat on BRICS de-dollarisation impractical, says ex-RBI chief Subbarao
3 weeks ago

Trump's 100% tariff threat on BRICS de-dollarisation impractical, says ex-RBI chief Subbarao

New Indian Express  

HYDERABAD: President-elect Donald Trump's warning that BRICS countries will face 100 per cent tariffs if they choose to move away from the US dollar is unclear to what extent he will carry out his threat, as it remains to be seen if the US laws permit such an action, former RBI Governor Duvvuri Subbarao said on Monday. He also said …

Trump's 100% tariff threat on BRICS de-dollarisation impractical, says ex-RBI chief Subbarao
Trending News
3 weeks ago

Trump's 100% tariff threat on BRICS de-dollarisation impractical, says ex-RBI chief Subbarao

New Indian Express  

HYDERABAD: President-elect Donald Trump's warning that BRICS countries will face 100 per cent tariffs if they choose to move away from the US dollar is unclear to what extent he will carry out his threat, as it remains to be seen if the US laws permit such an action, former RBI Governor Duvvuri Subbarao said on Monday. He also said …

Trump's hollow threat: How BRICS sidelined 'wonderful economies' over time
3 weeks ago

Trump's hollow threat: How BRICS sidelined 'wonderful economies' over time

India Today  

Even before being sworn in as the 47th President of the United States, Donald Trump threatened BRICS nations with a 100 per cent tariff. US in huge trade deficit with BRICS nations While Trump has threatened BRICS nations with a 100 per cent tariff, if sales don’t go down despite this, the US will end up doubling its trade deficit …

'Go find another sucker': Trump's message to BRICS members, which includes India
3 weeks, 1 day ago

'Go find another sucker': Trump's message to BRICS members, which includes India

Hindustan Times  

Donald Trump, the next president of the United States, said on Saturday that BRICS countries can ‘go find another sucker’ if they cannot commit that they will neither create a new currency of their own, nor back any other currency “to replace the mighty US Dollar”. US President-elect Donald Trump Formed in 2009, BRICS is an intergovernmental organisation comprising nine …

Trump threatens to impose 100% tariff on BRICS nations if they pursue de-dollarisation
Top News
3 weeks, 1 day ago

Trump threatens to impose 100% tariff on BRICS nations if they pursue de-dollarisation

Firstpost  

US President-elect Donald Trump warned BRICS nations that Washington will impose 100 per cent trade on them if they pursue the idea of de-dollarisation, put forward by Russia and China Amid the looming trade wars with Mexico and Canada, US President Donald Trump warned that he will impose a whopping 100 per cent tariffs on BRICS nations unless their governments …

Trump Warns BRICS Countries Of 100% Tariffs If They Replace US Dollar
3 weeks, 1 day ago

Trump Warns BRICS Countries Of 100% Tariffs If They Replace US Dollar

ABP News  

President-elect Donald Trump on Saturday warned BRICS countries against any move to replace the US dollar and has sought a commitment from the nine-member group that includes India, Russia, China, and Brazil. “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,” the president-elect said in a post …

Donald Trump vows 100% tariff on BRICS countries if...: ‘Go find another sucker’
Top News
3 weeks, 1 day ago

Donald Trump vows 100% tariff on BRICS countries if...: ‘Go find another sucker’

Live Mint  

US President-elect Donald Trump has vowed 100% tariff on BRICS countries if they make any move to replace the US dollar and sought a commitment from the nine-member group that includes India, Russia, China, and Brazil. Over the past few years a few of its member countries, in particular Russia and China, are seeking an alternative to the US Dollar …

Trump threatens BRICS nations with 100 per cent tariff against replacing US Dollar
Top News
3 weeks, 1 day ago

Trump threatens BRICS nations with 100 per cent tariff against replacing US Dollar

India TV News  

President-elect Donald Trump on Saturday warned BRICS countries against any move to replace the US dollar. He threatened the member countries of 100 per cent tariff imposition for such an attempt while seeking a commitment from the nine-member group that includes India, Russia, China, and Brazil. “We require a commitment from these Countries that they will neither create a new …

US President-elect Trump threatens BRICS nations with 100 per cent tariffs over plans to replace dollar
3 weeks, 1 day ago

US President-elect Trump threatens BRICS nations with 100 per cent tariffs over plans to replace dollar

New Indian Express  

NEW DELHI: U.S. President elect Donald Trump on Sunday said that BRICS countries trying to move away from dollar will face 100 per cent tariffs. We require a commitment from these countries that they will neither create a new BRICS Currency, nor back any other currency to replace the mighty U.S. Dollar or, they will face 100 per cent tariffs …

Trump discusses border, energy with Canada's Trudeau as trade war looms large
3 weeks, 1 day ago

Trump discusses border, energy with Canada's Trudeau as trade war looms large

India Today  

US President-elect Donald Trump said on Saturday he discussed the border, trade and energy in a "very productive" meeting with Canadian Prime Minister Justin Trudeau amid fears of a trade war. "We discussed many important topics that will require both Countries to work together to address, like the Fentanyl and Drug Crisis that has decimated so many lives as a …

As Trump threatens 100% tariffs, where India stands on Brics currency vs dollar
3 weeks, 1 day ago

As Trump threatens 100% tariffs, where India stands on Brics currency vs dollar

India Today  

As Donald Trump returns to the White House in January 2025, his aggressive trade stance - the latest now being a 100 per cent tariff threat on Brics nations, including India, if they went ahead to develop their own currency to undermine the US dollar's dominance - has already created ripples in the global economy. Trump's 100 per cent tariff …

'Blood will emerge from my ear': Experts pounce on Trump's new 'weaponization' threat
3 weeks, 1 day ago

'Blood will emerge from my ear': Experts pounce on Trump's new 'weaponization' threat

Raw Story  

Donald Trump Saturday made a threat to foreign countries on social media, leading one expert to say it amounts to "weaponization of the dollar." Trump over the weekend took to Truth Social, saying, "The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER." "We require a commitment from …

Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar
Trending News
3 weeks, 2 days ago

Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar

Associated Press  

WEST PALM BEACH, Fla. — President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar. Trump, in a Truth Social post, said: “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. …

Trump threatens 100% tariff on multiple countries, including India, if they...
3 weeks, 2 days ago

Trump threatens 100% tariff on multiple countries, including India, if they...

Firstpost  

“We require a commitment from these Countries that they will neither create a new…Currency, nor back any other Currency to replace the mighty U.S. Dollar,” Trump wrote on Truth Social US President-elect Donald Trump has threatened to slap India, and other BRICS countries, with 100% tariffs. In a post on his social media platform Truth Social on Saturday, he wrote, …

Trump threatens 100% tariff on BRICS countries if they pursue creating new currency
3 weeks, 2 days ago

Trump threatens 100% tariff on BRICS countries if they pursue creating new currency

CNN  

CNN — 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. We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency …

ALEX BRUMMER: Trump tariff plans pose threat to growth
Trending News
1 month, 2 weeks ago

ALEX BRUMMER: Trump tariff plans pose threat to growth

Daily Mail  

Detailed exit polling will eventually show why Republicans with Donald Trump on the top of the ballot were triumphant in the US election. Even though the Biden White House can claim success for growth, which hit 2.7 per cent in the third quarter, there was little cut-through for the Democrats. Tariffs: On the campaign trail, Trump proposed a 60% additional …

Trump trade advisers plot dollar devaluation
8 months, 1 week ago

Trump trade advisers plot dollar devaluation

Politico  

“Currency revaluation is likely to be a priority for some members of a potential second Trump administration, mainly because of the viewpoint that contributes to the trade deficit,” said one former Trump administration official, adding that Lighthizer and his team are the primary advocates for the approach. Lighthizer “frequently” brought up currency devaluation during Trump’s first term, said one former …

Can BRICS dethrone the US dollar? It’ll be an uphill climb, experts say
1 year, 3 months ago

Can BRICS dethrone the US dollar? It’ll be an uphill climb, experts say

Al Jazeera  

The world’s reserve currency is facing a challenge from Global South countries who want options beyond the greenback. The impetus for Global South countries trying to find an alternative is more a “practical consideration” than a moral one, said Gustavo de Carvalho, a policy analyst on Russia-Africa ties at the South African Institute of International Affairs, as they view the …

Dollar hegemony prompts BRICS rethink
1 year, 4 months ago

Dollar hegemony prompts BRICS rethink

China Daily  

SHI YU/CHINA DAILY At the ongoing BRICS Summit in Johannesburg, a key topic that has attracted wide attention is the further development of new and complementary reserve currencies and settlement mechanisms. At the end of March, Alexander Babakov, deputy chairman of the Duma, the lower house of the Russian parliament, said the BRICS countries were working on creating a new …

Dollar hegemony prompts BRICS rethink
1 year, 4 months ago

Dollar hegemony prompts BRICS rethink

China Daily  

SHI YU/CHINA DAILY At the ongoing BRICS Summit in Johannesburg, a key topic that has attracted wide attention is the further development of new and complementary reserve currencies and settlement mechanisms. At the end of March, Alexander Babakov, deputy chairman of the Duma, the lower house of the Russian parliament, said the BRICS countries were working on creating a new …

US responsible for de-dollarization, says IMF
1 year, 5 months ago

US responsible for de-dollarization, says IMF

Firstpost  

Washington’s policies and actions have compelled most countries across the world to seek alternatives to US dollar, said International Monetary Fund’s executive director for Russia, Aleksei Mozhin. ‘Process of de-dollarization has begun’ “It’s clear that it will not happen at once, but the process has begun,” Mozhin said, anticipating a steady decline in the dominance of dollar. “I think our …

Why de-dollarization is inevitable
1 year, 7 months ago

Why de-dollarization is inevitable

China Daily  

In 1023, a thousand years ago, the Song Dynasty changed the history of money by introducing paper money, jiaozi, as legal tender and a means of exchange. A full millennium later, China is again set to transform the history of money, first, by spearheading the transition from paper money to the era of digital currency, leading the world in mobile …

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