'It's an economic war on Brics nations': Economist Sharad Kohli weighs in on Trump's threat
Sunday, 1 December 2024 Economist Sharad Kohli views Donald Trump's threat to impose 100% tariffs on Brics nations over de-dollarisation efforts as an economic war on developing countries. Brics countries aim to reduce dollar reliance by introducing a new currency. Trump's stance aims to maintain US dominance, potentially forcing Brics nations to reconsider their plans.
In a bold statement, US President-elect Donald Trump warns BRICS nations that they will face a massive 100% tariff if they continue with their push for de-dollarization, a concept championed by Russia and China. Trump made it clear that any country trying to replace the US dollar in international...
Chinese President Xi Jinping’s visit to Malaysia marks a pivotal moment in Beijing’s bid to outmaneuver the U.S. in Southeast Asia. With Trump-era tariffs souring Washington's trade ties, Xi aims to convince Malaysia and ASEAN that China is the region’s best long-term partner. Touting deepened strategic ties, tech cooperation, and economic integration, Xi’s charm offensive leans into BRICS, RCEP, and de-dollarization plans. As Malaysia looks East, Beijing is pushing hard to anchor a new global order that trades in renminbi—and trades away American dominance.
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