US President-elect Donald Trump threatened 100% tariffs on BRICS countries if they pursue new currency alternatives to the US Dollar, citing its dominant role in foreign exchange reserves and trade. However, experts argue that such tariffs could harm US consumers and global trade, with many nations driven to ‘de-dollarise’ due to geopolitical and economic incentives.
Related Posts
‘Akin to foreign interference’: India on Canada’s visa denial charge
India has rejected Canadian media reports accusing it of using visa denials to interfere in Canada’s internal affairs. The Indian government asserts its right to […]
Bill Gates on why he gave 4% of his shares to ‘future CEO’ Steve Balmer
Bill Gates and Steve Ballmer’s partnership at Microsoft began at Harvard, with Gates offering Ballmer a 4% stake to join the company in 1980. They […]