BRICS countries

2024 - 12 - 2

Tariffs, Tensions, and the BRICS: When East Meets West!

BRICS - currency rivalry - de-dollarization - economic cooperation - international relations - tariffs - Trump

Donald Trump's 100% tariff threat on BRICS countries if they ditch the dollar is set to stir everything from trade wars to currency chaos!

In a dramatic turn of events, US President-elect Donald Trump has thrown down the gauntlet, threatening to impose huge tariffs on BRICS nations if they dare to create their own currency to rival the US dollar. This unexpected warning has set tongues wagging across the globe, with financial analysts scratching their heads and figuring out if such a move is even permissible under US law. The BRICS nations, which include Brazil, Russia, India, China, and South Africa, are on high alert as Trump’s threats could potentially reshape global trade dynamics and international relations in a way few could have anticipated.

The Kremlin has commented on Trump’s bold move, with spokesperson Dmitry Peskov stating that the threat is both unfounded and based on misinformation. Meanwhile, South African officials echoed this sentiment, reassuring citizens that reports of BRICS countries planning to launch their own currency are simply not true. In a world so dominated by economic narratives, the idea of de-dollarisation seems like a grand quest that could either empower the emerging economies or plunge them into deeper economic chaos.

As tensions mount, one doesn't have to be a geopolitical expert to predict that this row over tariffs and currency could open a whole new Pandora's box of issues. Economists universally sound a cautionary note, warning that Trump’s tariff threats might not only backfire but could also inadvertently push BRICS countries to unite against a common adversary. After all, when confronted with a big bully on the playground, the natural response is often to band together, right?

Interestingly, the economic landscape may never be the same again if these tensions escalate. Most people may not realize that China’s economic heft is rapidly increasing, and its reliance on the US dollar is steadily waning. A quick look at the average consumer shows a vast array of items pouring in from BRICS nations, reminding us that their economies are intertwined with ours more than we’d like to think! So, while the standoff between Trump and the BRICS nations unfolds, it’s essential to keep an eye on the shifting balance of global economic power – with or without tariffs!

Post cover
Image courtesy of "Jakarta Post"

Trump threatens 100 percent tariff on BRICS countries (Jakarta Post)

that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty US Dollar or, they will face 100 percent Tariffs," Trump ...

Post cover
Image courtesy of "Club of Mozambique"

Trump threatens 100% tariff on BRICS nations if they try to replace ... (Club of Mozambique)

US President-elect Donald Trump has threatened to impose 100% tariffs on a bloc of nine nations if they were to create a rival currency to the US dollar.

Post cover
Image courtesy of "Reuters"

Kremlin says Trump threat to BRICS nations against replacing US ... (Reuters)

Kremlin spokesman Dmitry Peskov, commenting on U.S. President-elect Donald Trump's threat to impose tariffs on BRICS countries if they create their own ...

Post cover
Image courtesy of "Maritzburg Sun"

Dirco: Trump's Brics threat based on 'misinformation' | The Witness (Maritzburg Sun)

Dirco spokesperson Chrispin Phiri, said reports that the Brics countries were about to launch their own currency were untrue. 16 mins ago.

Post cover
Image courtesy of "FXStreet"

Trump warns BRICS over Dollar rival plans (FXStreet)

President-elect Donald Trump warns BRICS nations against creating a dollar rival, threatening 100% tariffs and restricted access to the U.S..

Post cover
Image courtesy of "Business Standard"

Unclear if US law permits Trump's 100% tariff threat on Brics: Ex-RBI ... (Business Standard)

President-elect Donald Trump's warning that BRICS countries will face 100 per cent tariffs if they choose to move away from the US dollar is unclear to what ...

Post cover
Image courtesy of "The Straits Times"

Kremlin says Trump threat to BRICS nations over US dollar will ... (The Straits Times)

FILE PHOTO: Officials, including Russian President Vladimir Putin, Chinese President Xi Jinping and Egyptian President Abdel Fattah al-Sisi, ...

Post cover
Image courtesy of "Business Standard"

Explained: What is de-dollarisation and why Trump warned Brics ... (Business Standard)

De-Dollarisation: Donald Trump has threatened to impose 100 per cent tariffs on Brics nations if they push for de-dollarisation and introduce a currency ...

Post cover
Image courtesy of "Business Insider"

Trump's potential 100% tariff on BRICS de-dollarization may backfire (Business Insider)

Economists warn Trump's tariff threats could backfire. US President-elect Donald Trump issued a new tariff threat over the weekend, this time against countries ...

Post cover
Image courtesy of "The Hindu"

Trump's 100% tariff threat on BRICS depends on whether U.S. laws ... (The Hindu)

Former RBI Governor questions feasibility of Trump's threat to impose 100% tariffs on BRICS countries moving from US dollar.

Post cover
Image courtesy of "CNBCAfrica.com"

Kremlin says Trump threat to BRICS nations over US dollar will ... (CNBCAfrica.com)

Officials, including Chinese President Xi Jinping, Russian President Vladimir Putin and Indian Prime Minister Narendra Modi, attend the BRICS summit in ...

Post cover
Image courtesy of "Mossel Bay Advertiser"

SA responds to Trump's tariff threat, denies Brics currency talks (Mossel Bay Advertiser)

BUSINESS NEWS - South Africa does not want a confrontation with the US, the Department of International Relations and Co-operation (Dirco) said yesterday ...

Post cover
Image courtesy of "ТВ БРИКС"

Russian school students learn about BRICS activities at festival in ... (ТВ БРИКС)

Over 500 schoolchildren from various regions of Russia gathered in Moscow at the BRICS Festival.

Post cover
Image courtesy of "TimesLIVE"

Madonsela calls out 'bullying' and 'supremacist' tendencies after ... (TimesLIVE)

Former public protector Thuli Madonsela has urged African leaders to consider US president-elect Donald Trump's threat “as a cue to diversify your economies ...

Post cover
Image courtesy of "Knysna-Plett Herald"

SA responds to Trump's tariff threat, denies Brics currency talks (Knysna-Plett Herald)

BUSINESS NEWS - South Africa does not want a confrontation with the US, the Department of International Relations and Co-operation (Dirco) said yesterday ...

Post cover
Image courtesy of "Ledger Insights"

Trump threatens to sanction BRICS countries if they create a new ... (Ledger Insights)

Donald Trump has threatened to impose sanctions on BRICS countries if they look to create a new currency or challenge the US dollar.

Post cover
Image courtesy of "Supply Chain Dive"

Trump threatens 100% tariffs on BRICS countries (Supply Chain Dive)

The president-elect vowed to levy the duties if the contingent tries to replace the U.S. dollar's role in international trade. Published Dec. 2, 2024.

Post cover
Image courtesy of "CBS News"

Why is Trump threatening a 100% tariff on the BRICS nations? (CBS News)

Donald Trump said the U.S. would hit Brazil, Russia and six other countries with a crushing tariff if they sought to challenge the dollar.

Post cover
Image courtesy of "OilPrice.com"

Trump Threatens BRICS Countries With 100% Tariffs If They Ditch ... (OilPrice.com)

U.S. President-elect Donald Trump has threatened BRICS nations with 100% tariffs if they decide to challenge the U.S. dollar's dominance.

Post cover
Image courtesy of "Global Times"

BRICS countries do not engage in bloc confrontation, aim for mutual ... (Global Times)

As an important platform for cooperation among emerging markets and developing countries, the BRICS countries advocate for openness and inclusiveness and ...

Post cover
Image courtesy of "ТВ БРИКС"

Ibn Sina Foundation to receive support from TV BRICS in the ... (ТВ БРИКС)

The TV BRICS International Media Network will assist the Ibn Sina Islamic Culture Research Foundation in strengthening cooperation with BRICS+ countries and ...

Post cover
Image courtesy of "Daily Maverick"

Unseating the US dollar is not in the pipeline for BRICS countries ... (Daily Maverick)

South Africa has moved to smooth its relationship with US president-elect Donald Trump after he fired a tariff warning to BRICS countries if they press ...

Post cover
Image courtesy of "MarketWatch"

What are the BRICS countries — and are they really trying to leave ... (MarketWatch)

In his latest trade-related tirade, President-elect Donald Trump has set his sights on a group of emerging-market countries collectively known as the BRICS.

Post cover
Image courtesy of "eNCA"

Discussion | Trump threatens tariffs over BRICS currency plans (eNCA)

KUALA LUMPUR, MALAYSIA - The President elect of the USA has threatened BRICS countries with 100% tariffs if they pursue an alternative to the dollar.

Post cover
Image courtesy of "Africa Policy Research Institute"

The role of artificial intelligence in fostering multifaceted cooperation ... (Africa Policy Research Institute)

Cooperation among the BRICS countries on AI is still nascent, yet it holds the potential to light the path ahead for AI innovation and governance among ...

Explore the last week