Trump's tariff threats target BRICS nations
1 month, 1 week 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 — that do not use the dollar as their reserve currency. "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 US dollar, or they will face 100 percent tariffs, and should expect to say goodbye to selling into the wonderful US economy," Trump added. "By blocking countries like Russia and Iran from accessing SWIFT, the US has effectively weaponized the global financial infrastructure, forcing other nations to find alternative payment mechanisms to continue legitimate trade." "Tariffs of this scale would harm US consumers by raising domestic prices, disrupt global trade, and risk retaliation from key trading partners," he said.

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History of this topic

Vivek Kaul: Trump’s tariffs won’t kill the dollar’s exorbitant privilege
2 weeks, 4 days ago

Vivek Kaul: Trump’s tariffs won’t kill the dollar’s exorbitant privilege

Live Mint  

Aldous Huxley, the English writer and philosopher, once said: “That men do not learn very much from the lessons of history is the most important of all the lessons that history has to teach." President-elect Donald Trump has been warning of imposing tariffs on countries with which the US has a trade deficit—that is, countries from which the US imports …

Trump’s approach to trade could be disruptive without doing much for America and the world
3 weeks, 4 days ago

Trump’s approach to trade could be disruptive without doing much for America and the world

Live Mint  

Donald Trump will be sworn in as president of the US for a second time on 20 January 2025. India is one of the countries that Trump has threatened in case it moves ahead with using currencies other than the US dollar for its international trade. The US can reduce its aggregate trade deficit with the rest of the world …

Why Donald Trump should tame his love for tariffs
4 weeks, 1 day 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 …

The case for Donald Trump’s tariffs
1 month ago

The case for Donald Trump’s tariffs

CNN  

New York CNN — President-elect Donald Trump views tariffs as a not-so-secret weapon — one that can be deployed to pressure friends and foes alike to address issues from drug trafficking and illegal immigration to threats to the dominance of the US dollar. Trump once dubbed himself “Tariff Man” and recently celebrated these import taxes as “the greatest thing ever …

Trump tariffs to harm growth: Experts
Trending News
1 month ago

Trump tariffs to harm growth: Experts

China Daily  

The wave of tariff hikes proposed by United States President-elect Donald Trump would harm global livelihood and economic growth, while it can't help resolve the country's domestic economic issues, global experts said. They made the remarks at the 9th China Global Think Tank Innovation Forum held in Beijing on Wednesday, where experts discussed the potential global impact of Trump's return …

Trump tariffs to harm growth: Experts
Top News
1 month ago

Trump tariffs to harm growth: Experts

China Daily  

US President-elect Donald Trump The wave of tariff hikes proposed by United States President-elect Donald Trump would harm global livelihood and economic growth, while it can't help resolve the country's domestic economic issues, global experts said. They made the remarks at the 9th China Global Think Tank Innovation Forum held in Beijing on Wednesday, where experts discussed the potential global …

Trump tariffs to harm growth: Experts
Top News
1 month ago

Trump tariffs to harm growth: Experts

China Daily  

US President-elect Donald Trump The wave of tariff hikes proposed by United States President-elect Donald Trump would harm global livelihood and economic growth, while it can't help resolve the country's domestic economic issues, global experts said. They made the remarks at the 9th China Global Think Tank Innovation Forum held in Beijing on Wednesday, where experts discussed the potential global …

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

Jaishankar responds to Trump’s ’find another s*cker’ threat: No interest in weakening US Dollar
1 month ago

Jaishankar responds to Trump’s ’find another s*cker’ threat: No interest in weakening US Dollar

Live Mint  

External Affairs Minister S Jaishankar responded to US President-elect Donald Trump's claim to impose 100 per cent tariffs on BRICS nations, saying that India has "no interest" in weakening the US dollar. He highlighted the connection between Prime Minister Narendra Modi and Donald Trump and stated that US is India's largest trade partner. The BRICS do discuss financial transrations.US is …

After Donald Trump’s ‘go find another sucker’ comment for BRICS nations, UN agency warns of global trade war
1 month 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
1 month 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?
1 month, 1 week 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?
1 month, 1 week 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
1 month, 1 week 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
1 month, 1 week 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
1 month, 1 week 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
1 month, 1 week 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
1 month, 1 week 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
1 month, 1 week 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
1 month, 1 week 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
1 month, 1 week 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
1 month, 1 week 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 …

Mint Quick Edit | De-dollarization: Trump should target crypto, not Brics
1 month, 1 week ago

Mint Quick Edit | De-dollarization: Trump should target crypto, not Brics

Live Mint  

India has stayed off US President-elect Donald Trump’s target range so far, but Brics was the focus of his latest finger-wag. On Saturday, he asked the group’s members to commit that “they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar", or else “they will face 100% Tariffs and should expect …

Trump's 100% tariff threat on BRICS de-dollarisation impractical, says ex-RBI chief Subbarao
1 month, 1 week 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
1 month, 1 week 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 …

“Find another sucker”: Trump threatens 100% tariff on countries that resist U.S. dollar
1 month, 1 week 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 hollow threat: How BRICS sidelined 'wonderful economies' over time
1 month, 1 week 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 …

Trump’s threat of 100% tariffs unrealistic; India should focus on local currency trading:GTRI
1 month, 1 week ago

Trump’s threat of 100% tariffs unrealistic; India should focus on local currency trading:GTRI

Live Mint  

New Delhi, Dec 1 The warning of US President-elect Donald Trump to BRICS countries to impose 100 per cent customs duties if the BRICS group would replace the US dollar is unrealistic, and India should focus on developing a workable local currency trading system, think tank GTRI said on Sunday. "Trump's threat to impose 100 per cent tariffs on countries …

Donald Trump seeks ‘commitment’ from BRICS on using US Dollar or else ‘should expect to say goodbye to…’
1 month, 1 week 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 …

'Go find another sucker': Trump's message to BRICS members, which includes India
1 month, 1 week 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
1 month, 1 week 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
1 month, 1 week 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
1 month, 1 week 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 …

US President-elect Trump threatens BRICS nations with 100 per cent tariffs over plans to replace dollar
1 month, 1 week 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 threatens BRICS nations with 100 per cent tariff against replacing US Dollar
Top News
1 month, 1 week 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 …

Trump discusses border, energy with Canada's Trudeau as trade war looms large
1 month, 1 week 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
1 month, 1 week 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
1 month, 1 week 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 BRICS countries, which includes India; demands ‘commitment’
1 month, 1 week ago

Trump threatens 100% tariff on BRICS countries, which includes India; demands ‘commitment’

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. Donald Trump on his campaign trail pledged that he would make it costly for countries to move away from the …

Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar
Trending News
1 month, 1 week 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...
1 month, 1 week 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
1 month, 1 week 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 …

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different
1 month, 1 week ago

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different

Huff Post  

LOADING ERROR LOADING WASHINGTON — Donald Trump loved to use tariffs on foreign goods during his first presidency. Republican presidential nominee former President Donald Trump listens during a campaign rally at Santander Arena, Monday, Nov. 4, 2024, in Reading, Pa. via Associated Press Trump also posted on Monday that Chinese imports would face additional tariffs of 10% until Beijing cracks …

What Trump’s new tariff threats mean for the US economy
Trending News
1 month, 2 weeks ago

What Trump’s new tariff threats mean for the US economy

Live Mint  

The stiff duties that President-elect Donald Trump threatened against the U.S.’s neighbors and big trading partners, along with the additional tariffs he promised against China, could raise prices for Americans on everything from fresh fruit from Mexico to lumber from Canada and Chinese electronics. Trump’s promise to impose 25% tariffs on Canada and Mexico and an additional 10% on Chinese …

Trump tariff vow hit
1 month, 2 weeks ago

Trump tariff vow hit

Live Mint  

By Alden Bentley NEW YORK, - A pledge by President-elect Donald Trump to impose tariffs on products from Canada, Mexico and China sent their currencies lower against the dollar on Tuesday, renewing the specter of trade wars and fanning uncertainty in other currency pairs. But, of course, the peso is vulnerable to falling into those multi-year lows against the U.S. …

Base metals largely fall on firm dollar, Trump’s tariffs plan
1 month, 2 weeks ago

Base metals largely fall on firm dollar, Trump’s tariffs plan

Live Mint  

Nov 26 - Prices of base metals were largely down on Tuesday, weighed by a stronger dollar and U.S. President-elect Donald Trump's pledge to levy more tariffs on Chinese products. Three-month copper on the London Metal Exchange fell 0.5% to $9,000 per metric ton by 0216 GMT, while the most-traded January copper contract on the Shanghai Futures Exchange eased 0.2% …

Not just China, these US allies too could suffer the most by Donald Trump's tariffs
1 month, 3 weeks ago

Not just China, these US allies too could suffer the most by Donald Trump's tariffs

Hindustan Times  

President-elect Donald Trump has pledged to levy tariffs on imported goods as part of his second-term economic strategy. During his election campaign, Trump promised to employ tariffs to promote American companies, imposing up to 60 percent levies on Chinese goods and up to 20 percent on imports from other nations. Europe would be severely affected if… Speaking to Newsweek Dr. …

Threat looms for UK trade: Britain has a lot to lose should Trump get his way on tariffs, warns ALEX BRUMMER
1 month, 4 weeks ago

Threat looms for UK trade: Britain has a lot to lose should Trump get his way on tariffs, warns ALEX BRUMMER

Daily Mail  

The significance of Britain’s trade with the US cannot be underestimated. The president-elect aims for a 60% tariff on China UK Trade & Investments says that the US is not only Britain’s biggest trading partner but is among the countries of the world with which we have a trade surplus. Britain has more to lose or gain should Donald Trump …

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