President Donald Trump said on Thursday that there is no chance for BRICS countries to replace the US dollar.
Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates. Currently, the group does not have a common currency, but discussions on the subject gained some momentum after the West imposed sanctions on Russia over the war in Ukraine.
He has also threatened Canada and Mexico with tariffs.US President Donald Trump threatened BRICS member states with 100% tariffs on Thursday to dissuade them from replacing the US dollar as reserve currency.
President Donald Trump on Thursday warned off BRICS member countries from replacing the U.S. dollar as a reserve currency by repeating a 100%-tariffs threat he had made weeks after winning the November presidential elections.
US President Donald Trump on Friday issued a warning to BRICS nations, threatening 100 per cent tariffs on their exports if they attempt to replace the US dollar as the dominant currency in international trade.
The BRICS nations will face 100 tariffs if they challenge the dominance of the mighty US dollar President Donald Trump has warned Read Full Article at RTcom
Although India has taken steps to reduce its reliance on the US dollar, country's External Affairs Minister S Jaishankar had earlier clarified that India has "no interest" in weakening the US dollar.
In a post shared on social media platform Truth Social, Trump declared that the United States would not stand idly by while the BRICS bloc pursues the development of an alternative currency.
During a presidential debate in Philadelphia last September with Vice President Kamala Harris, Donald Trump made a bold prediction about Ukraine. In response to a question from the moderator, Trump said: “That is a war that’s dying to be settled.
BRICS has emerged as a significant international force since 2009 when it was established at a summit in Russia. What began as a five-member group en
The US president has warned the economic bloc against turning away from the mighty dollar The BRICS nations will face 100 tariffs on th
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