Kremlin Says Trump Threat to BRICS Nations Over US Dollar Will Backfire
MOSCOW (Reuters) -The Kremlin said on Monday that any U.S. attempt to compel countries to use the dollar would backfire after U.S. President-elect Donald Trump threatened to impose tariffs on BRICS countries if they created their own currency.
Dollar climbs after Donald Trump’s Brics tariff threat and French political woes
Monday’s gains marked the latest leg of a powerful rally for the US dollar, which was boosted by Trump’s win in last month’s presidential election. Investors have been betting that Trump’s tariff plans will be inflationary, hampering the Federal Reserve’s ability to reduce interest rates.
US President-elect Donald Trump, last week, warned BRICS countries against any move to replace the US dollar, seeking a commitment from the nine-member group that includes India, Russia, China, ...
Gold eased, pressured by a rising US dollar after President-elect Donald Trump warned the so-called BRICS nations that he ...
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