Brazilian officials dismissed U.S. President-elect Donald Trump’s proposed 100% tariffs on BRICS countries as unlikely, characterizing them as rhetoric rather than actionable policies. The Brazilian foreign ministry referenced Trump’s prior unfulfilled tariff threats against China, Mexico, and Canada during his first term. Officials under President Luiz Inacio Lula da Silva described the remarks as provocations […]
South Africa has denied reports that the Brazil, Russia, India, China and South Africa (BRICS) economic bloc is planning to create its own currency. Trump Demands BRICS Nations Shun Alternative Currencies Rattled by U.S. President-elect Donald Trump’s 100% tariff threat, South Africa has dismissed as false reports that the BRICS economic bloc is planning to […]
U.S. President-elect Donald Trump’s 100% tariff threat against BRICS nations over a shared currency highlights rising tensions, potentially elevating bitcoin’s role as a global financial hedge. Trump’s BRICS Tariff Threat Could Strengthen Bitcoin’s Savings Role Alongside US Dollar’s Trade Utility U.S. President-elect Donald Trump has escalated his criticism of the BRICS nations, warning of significant […]