Trump’s Threat Over an Imaginary Currency Risks Backfiring on the U.S. Dollar
After his 100% tariffs warning to Brics nations, some economists say the president-elect risks accelerating the pursuit of alternatives to the greenback.
Trump threatens 100% tariff on BRICS countries if they pursue creating new currency
President-elect Donald Trump said he would require countries that are part of BRICS — a China- and Russia-backed group of emerging economies — to commit to not creating new currency or face 100% tariffs during his administration.
Trump threatens 100% tariffs on China and Russia if BRICS group of nations issues new currency
US President-elect Donald Trump threatened to levy 100% tariffs on BRICS — a China- and Russia-led group of nations with emerging economies — if the countries decide to issue their own
Trump promises 100% tariffs on BRICS nations if they create rival currency
President-elect Donald Trump on Saturday warned the BRICS nations they will face a 100% tariff in U.S. domestic markets if they proceed with plans to create a new currency to compete with the dollar.
Donald Trump warns BRICS countries of "100% tariff" over new currency plans
Donald Trump warned of 100% tariffs on BRICS nations — composed of Brazil, Russia, India, China and South Africa — should they develop a new currency to compete with the U.S. dollar. “The idea that the BRICS countries are trying to move away from the dollar while we stand by and watch is over,
Treasury yields spike from October lows after Trump's latest tariff threat
U.S. yields jumped from their lowest levels since October Monday morning after President-elect Donald Trump threatened 100% tariffs against the so-called BRIC alli
BRICS currency: Is Trump's tariff threat justified?
Trump threatens BRICS with tariffs if they dump the dollar
US President-elect Donald Trump has warned the BRICS countries that they will be hit with 100% tariffs if they attempt to set up an alternative currency to the dollar to settle trade deals. “Do not even think about creating your own BRICS currency,
South Korean currency tumbles, Euro rises after declaration of martial law
The Korean won was one of the biggest movers on Tuesday, plunging against the U.S. dollar after South Korea's president ...
Political unrest undermines South Korea’s currency, stock market
Political instability in South Korea has caused the nation's won to plunge in value and has shaken confidence in the nation's ...
Mises Institute1d
US Bond Yields Rise as Reserve Currency Status Wanes
The Federal Reserve continues to be the not-so-silent partner to the government's reckless deficit spending scheme. While the ...
TCW Emerging Markets Local Currency Income Fund Q3 2024 Commentary
TCW Emerging Markets Local Currency Income Fund, I Class returned 8.98% for the third quarter of 2024, in line with JP Morgan ...
Empty bowls and rising rates: North Korea's currency chaos returns
In North Korea, the relentless rise in the exchange rates of foreign currencies, coupled with surging food prices, paints a ...
South Africa’s Standard Bank Expects Earnings to Be Hurt by Currency Strength
The South African lender said currency devaluations and the recent strength of the rand diluted its performance in local ...
Traders Defy China's Yuan Support, Sending Currency to One-Year Low
Traders defied China’s efforts to support the yuan, sending the currency to a one-year low on bets policymakers will have to ...
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Hungarian Central Bank Official Breaks Ranks Amid Currency Crisis
The Hungarian central bank's Deputy Governor, Mihaly Patai, diverged from his colleagues by advocating for a 25-basis-point ...