Kremlin Says Trump Threat to BRICS Nations Over US Dollar Will Backfire
MOSCOW (Reuters) -The Kremlin said on Monday that any U.S. attempt to compel countries to use the dollar would backfire after U.S. President-elect Donald Trump threatened to impose tariffs on BRICS countries if they created their own currency.
Dollar climbs after Donald Trump’s Brics tariff threat and French political woes
Monday’s gains marked the latest leg of a powerful rally for the US dollar, which was boosted by Trump’s win in last month’s presidential election. Investors have been betting that Trump’s tariff plans will be inflationary, hampering the Federal Reserve’s ability to reduce interest rates.
After his 100% tariffs warning to Brics nations, some economists say the president-elect risks accelerating the pursuit of ...
President-elect Donald Trump is vowing to impose 100% tariffs on BRICS nations unless they commit to not developing a new ...
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