President-elect Donald Trump is pushing back against any effort to undermine the US dollar.Andrew Harnik/Getty ImagesTrump on Saturday floated "100% tariffs" on the BRICS group of emerging markets.Trump is pushing back on efforts to dethrone the US dollar as the primary global reserve currency.Trump's remarks come as the BRIC nations seek to flex their economic strength on the global stage.President-elect Donald Trump on Saturday lashed out at the BRICS group of emerging market countries, threatening to impose 100% tariffs if they try to "move away" from the US dollar.BRICS comprises nine countries — Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates — which are aiming to flex their economic power in a world where the US dollar continues to reign supreme as the leading global reserve currency.Amid Russia's push for BRIC nations to curb the international dominance of the US dollar, Trump took to his Truth Social platform to decry such a move."The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER," he wrote.
Trump Is Now Threatening 100% Tariffs On The Brics Group — Which Comprises 9 Emerging Market Countries
insider@insider.com (John L. Dorman), Business Insider
Sat, 11/30/2024 - 3:00pm
Topics: andrew harnik/getty imagestrump brazil india south africa egypt ethiopia iran united arab emirates truth social brics countries brics currency tariffs economy sucker there international trade country october russian president vladimir putin the associated press justin trudeau canadian trump's mar-a-lago florida mexican president claudia sheinbaum business insider president-elect donald trump trump bric brics us russia china united countries currency u.s u.s dollar america states canada mexico threatening comprises nations prime minister global goodbye reserve remarks saturday economic flex statement replace move spoke
BING NEWS:
- Trump is now threatening 100% tariffs on the BRICS group — which comprises 9 emerging market countries
After floating 25% tariffs on Canada, China, and Mexico shortly before Thanksgiving, President-elect Trump is now targeting the BRICS nations.
11/30/2024 - 9:46 am | View Link - Trump threatens Brics nations with 100% tariffs if they undermine dollar
US president-elect Donald Trump on Saturday threatened tariffs of 100 per cent against the so-called Brics countries unless their governments agree not to create a new currency as an alternative to ...
11/30/2024 - 6:51 am | View Link - More
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