Thursday, 16 January 2025 The International Monetary Fund (IMF) has warned against the prospects of a renewed US-led trade war, just days before Donald Trump prepares to begin his second term in the White House.
Scotland’s First Minister says he welcomes Donald Trump’s investment but will use the former president’s visit to raise serious international issues. John Swinney said the suffering in Gaza must end and called for international pressure on Israel to secure a ceasefire, adding that Trump’s trip is a chance to ensure Scotland’s voice is heard on the world stage. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Security preparations are underway as Donald Trump is set to arrive in Scotland on Friday for a five-day private visit. The former US president will land at Prestwick before heading to his Turnberry golf course. Reactions are divided, with one local saying, “There’s enough trouble in the world without Trump coming to play golf,” while another praised his investment and job creation in Scotland. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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Trump Vs BRICS: In a move set to rattle global markets, former President Donald Trump has issued a severe warning to the BRICS nations and their allies. He threatens to impose a blanket 10% tariff on any country adopting what he terms "anti-American" policies backed by the bloc. This declaration comes after the 2025 BRICS Summit in Brazil, where the member nations, now numbering ten, issued a joint condemnation of recent US-Israel strikes on Iranian nuclear facilities, calling them "illegal."
The BRICS bloc, now representing 45% of the global population and 35% of the world's GDP, has become a significant geopolitical force. In their summit, they also criticized the West's "double standards" on global terror, specifically citing the Pahalgam attack in Kashmir as an example. This direct reference brings the conflict to India's doorstep. Trump claims the tariff letters for 12 countries are already "signed and ready," though sources suggest this could be a strategic bluff to test the bloc's unity.
This escalating tension is rooted in BRICS's core mission: to reduce dependence on the U.S. dollar. With their internal trade hitting $1 trillion in 2025 through local currency systems, the bloc, heavily influenced by China and Russia, is seen as a direct challenge to America's sanctions power and its dominance via institutions like the IMF and G7. For Trump, the bloc's growing anti-West stance and expanding economic influence represents a primary threat to American global leadership, setting the stage for a potential economic war.
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