December 2, 2024

Trump's Tariff Proposal Over BRICS Currency: Potential Implications for US Dollar's Global Standing

Donald Trump, the US President-elect, has proposed a bold strategy of 100% tariffs against BRICS nations as a deterrent to their plans of creating a new currency to rival the US dollar's global dominance. This move aims to prevent a shift in global financial power, though its practicality and potential fallout remain in question. Despite Trump's aggressive tactics, the US dollar retains its stronghold as the world's leading reserve currency.