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  5. Trump threatens 100% tariffs on BRICS nations

Trump threatens 100% tariffs on BRICS nations

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US President-elect Donald Trump has issued threats against the BRICS nations, a group of emerging economies including Brazil, Russia, India, China, and South Africa. Trump has warned that if the BRICS nations create a new currency to rival the US dollar, he will impose 100% tariffs on their goods, effectively blocking their access to the US market. The tariffs threat is also directed at other countries that have applied to join the BRICS alliance, including Turkey, Azerbaijan, and Malaysia.

  1. US
    Donald Trump
    Republican Party
    1. 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% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy.
  2. RU
    Vladimir Putin
    Krem­lin
    1. It's not us who refuse to use the dollar.
    2. But if they don't let us work, what can we do? We are forced to search for alternatives.
  3. RU
    Dmitry Peskov
    Krem­lin
    1. More and more countries are switching to the use of national currencies in their trade and foreign economic activities.
    2. The dollar is beginning to lose its appeal as a reserve currency for a number of countries.
  4. US
    Atlantic Council
    1. These agreements are likely difficult to scale due to regulatory and liquidity issues but may form the basis for a currency exchange platform over time.
    2. All potential rivals, including the euro, have a limited ability to challenge the dollar in the immediate future.
    3. The dollar continues to dominate foreign reserve holdings, trade invoicing, and currency transactions globally.
  5. GB
    Stephen Innes
    SPI Asset Management
    1. This hardline approach on trade reflects Trump's broader 'America First' economic policy, which aims to recalibrate global trade dynamics and reinforce US economic sovereignty. As the world watches, the potential for a global trade upheaval looms, setting the stage for a contentious start to Trump's administration.

Trump's tariffs

  1. Trump threatens 50% tariffs on EU and 25% on iPhones if not made in the US
  2. Donald Trump Orders Retailers to Absorb Tariffs, Rules Out Price Hikes for Consumers
  3. Donald Trump Announces 90-Day Tariff Reduction with China

sources

  1. 1.CTV News
  2. 2.The Guardian
  3. 3.The Times of India
  4. 4.ABC News (Australia)
  5. 5.The Times
  6. 6.ABC News
  7. 7.Reuters

perspectives

  1. 1.US under Donald Trump
  2. 2.Chinese Foreign Policy
  3. 3.US-China Relations
  4. 4.Immigration to the US
  5. 5.US Economy
  6. 6.Inflation
  7. 7.Trade Agreement
  8. 8.World Economy
  9. 9.US-India relations
  10. 10.Mexico under Claudia Sheinbaum
  11. 11.US-EU relations
  12. 12.United States–Mexico–Canada Agreement

countries

  1. 1.Russian FederationRU
  2. 2.ChinaCN
  3. 3.United StatesUS
  4. 4.BrazilBR
  5. 5.IndiaIN
  6. 6.South AfricaZA
  7. 7.United Arab EmiratesAE
  8. 8.EgyptEG
  9. 9.EthiopiaET
  10. 10.Iran, Islamic Republic ofIR
  11. 11.CanadaCA
  12. 12.MexicoMX

organizations

  1. 1.BRICS
  2. 2.Atlantic Council
  3. 3.Truth Social
  4. 4.GeoEconomics Center
  5. 5.Krem­lin
  6. 6.SPI Asset Management
  7. 7.International Monetary Fund
  8. 8.New Development Bank
  9. 9.World Bank

persons

  1. 1.Donald TrumpUS
  2. 2.Vladimir PutinRU
  3. 3.Luis Inácio Lula Da SilvaBR
  4. 4.Stephen InnesGB
  5. 5.Alexander Marrow
  6. 6.Anastasia Teterevleva
  7. 7.Andrew Osborn
  8. 8.Chris Gillette
  9. 9.Dmitry PeskovRU
  10. 10.Justin TrudeauCA
  11. 11.Maxim Shemetov

technicals

  1. 1.Mar-A-Lago Club
  2. 2.World War II