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03Dec 2024
Trump Threatens BRICS with Tariffs Over Currency Alternatives
Why in the news? US President-elect Donald Trump warned BRICS countries of 100% tariffs if they replace the US dollar, provoking India’s push for rupee internationalization, amid concerns over US financial dominance and the rise of alternative currencies. Trump’s Threat to BRICS Nations: Donald Trump warned BRICS countries (Brazil, Russia, India, China, South Africa) with …
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