BRICS, Trump and tariff
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The GTRI report warns India against hastily signing trade deals with the US due to aggressive tariffs and penalties. It emphasizes that the US's use of the dollar as a weapon has compelled nations to
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India Today on MSNWhy de-dollarisation is not possible: The enduring dominance of the US Dollar in the age of BRICS and TrumpFrom BRICS nations' ambitious payment systems to President Donald Trump's aggressive tariff threats, the international monetary landscape appears to be shifting. Yet beneath the surface of these headline-grabbing developments lies a more complex reality: despite concerted efforts by major emerging economies,
President Donald Trump on Wednesday informed seven more nations about new tariffs, singling out Brazil with a 50% duty because of what he called the "disgrace" of how former President Jair Bolsonaro has been treated.
President Donald Trump’s threat to impose new tariffs on India over its participation in the BRICS forum puts New Delhi in a tough position as it races to finalize a favorable trade deal with the US.