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.
President-elect Donald Trump says he wants to protect the U.S. dollar from the rise of an alternative currency that does not ...
Trump has said he will impose a 25% tariff on all imports from Mexico and Canada, as well as a 10% tariff on Chinese products ...
Small businesses are bracing for stiff tariffs that President-elect Donald Trump has proposed as one of his first actions ...
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