Nations, particularly members of the BRICS group (Brazil, Russia, India, China, and South Africa), are exploring alternatives to the U.S. dollar for trade, aiming for a shared currency. This idea gained attention ahead of the 2024 BRICS conference in Kazan, Russia. While leaders from Brazil support the concept, others, especially from India and China, have ...
President Donald Trump has decided to delay imposing tariffs on imports from Mexico and Canada for 30 days. This decision comes after both countries promised to enhance border security cooperation. Initially, Trump planned to implement a 25% tariff on most imports and a 10% tariff on Canadian energy products starting Tuesday. However, both Mexico and ...
Recently, Donald Trump warned that the U.S. might impose 100 percent tariffs on BRICS countries if they attempt to create a currency to rival the dollar. He stressed that these nations must commit to not replacing the dollar, highlighting concerns over U.S. economic dominance. However, critics argue that such tariffs could spark unnecessary trade wars, ...
