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There is no chance that BRICS will replace the US Dollar in International Trade, said Trump (File) US President-elect Donald Trump on Saturday demanded that BRICS member countries commit to not creating a new currency or supporting another currency that would replace the United States dollar or face 100% tariffs. “We require a commitment from…
Donald Trump’s tariff threats have rattled foreign businesses and governments, with many fearing it could signal the opening salvo of an all-out trade war when he returns to the White House next year. The president-elect on Monday placed both allies and rivals on notice, vowing to quickly slap an across-the-board tariff of 25 percent on…
Beijing: China warned on Tuesday that “no one will win a trade war” after US President-elect Donald Trump vowed to impose sweeping tariffs on goods from China and elsewhere in response to illegal drug trade and immigration. “China believes that China-US economic and trade cooperation is mutually beneficial in nature,” Liu Pengyu, a spokesman for…
Washington: US President-elect Donald Trump said Monday he intends to impose a 25 percent tariff on goods from Mexico and Canada, along with a 10 percent tariff on imports from China in response to the illegal drug trade and immigration. In a series of posts to his Truth Social social media account, Trump vowed to…
Washington: US President-elect Donald Trump said Monday he intends to impose a 25 percent tariff on goods from Mexico and Canada, along with a 10 percent tariff on imports from China in response to the illegal drug trade and immigration. In a series of posts to his Truth Social social media account, Trump vowed to…