Articles for tag: BRICS, Currency, economic growth, Geopolitics, International Trade, Sanctions, US dollar

Market News

Analyzing the Justification Behind Trump’s Tariff Threats: Economic Impact and Implications for Trade Relations in 2024

BRICS, a group of fast-growing economies including Brazil, Russia, India, China, and South Africa, seeks to challenge the dominance of the US dollar in global trade. They are motivated by a desire to reduce reliance on a currency that grants the United States significant economic and geopolitical power, including the ability to impose sanctions. The ...

Market News

Analyzing the Justification Behind Trump’s Tariff Threats: Economic Impact and Implications for Trade Relations in 2024

BRICS, a group of rapidly growing economies including Brazil, Russia, India, China, and South Africa, aims to challenge the dominance of the US dollar, which currently controls about 80% of global trade. The leaders of these nations want to reduce their reliance on the dollar, as it gives the US significant economic and geopolitical advantages, ...

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