CurrencyWar Archives - Universal Group Of Institutions
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02May 2025

China Accelerates Yuan Global Push Amid US Retreat

China Accelerates Yuan Global Push Amid US Retreat Why in the News ? Amid rising U.S. tariffs and global uncertainty, China is intensifying efforts to internationalise the yuan, expanding QR code networks, enhancing currency swap lines, and promoting cross-border payments, leveraging growing distrust in the dollar and Western financial systems. China’s Yuan Push and Strategic …

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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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