Trump said he'll put a 100% tariff on countries that give up the dollar. That could backfire.
The US can't reduce its trade deficit and increase the global dominance of the dollar at the same time, said an economist.
What's Behind Trump's De-Dollarization Tariff Threats
President-elect Donald Trump railed on social media over the weekend against a group of emerging economies for their attempts to circumvent the dollar. While markets mostly took Trump's words in stride,
Stock Futures Falling Amid Fresh Trump Tariff Threats
U.S. stock futures were pointing to small losses on the first trading day of December. After a strong November, talk of tariffs is likely to be in focus ahead of key jobs data later in the week. Dow Jones Industrial Average futures were down 96 points,
Donald Trump's Tariff Threat Could Devastate Texas
Economists have warned Donald Trump 's plan to impose a 25 percent tariff on all products entering the United States from Mexico and Canada could have a dramatic impact on the economy of Texas, with one predicting it would cost 370,000 jobs in the Lone Star State.
Trump threatens BRICS nations with 100 percent tariff
Trump also said: "There is no chance that the BRICS will replace the U.S. Dollar in International Trade, and any Country that tries should wave goodbye to America."
Trump threatens BRIC nations with 100% tariff if they 'move away' from US dollar
The president-elect's threat comes just days after he threatened big tariffs on Mexico, Canada and China. Experts warn of higher prices.
Trump Threatens 100% Tariff on the BRIC Bloc of Nations if They Act to Undermine US Dollar
President-elect Donald Trump is threatening 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar
Trump Demands ‘Commitment’ From BRICS on Using US Dollar
US President-elect Donald Trump warned the so-called BRICS nations that he would require commitments that they would not move to create a new currency as an alternative to using the US dollar and repeated threats to levy a 100% tariff.
Trump threatens 100% tariff on BRICS countries if they pursue creating new currency
President-elect Donald Trump said he would require countries that are part of BRICS — a China- and Russia-backed group of emerging economies — to commit to not creating new currency or face 100% tariffs during his administration.
Trump Warns BRICS Nations Against Replacing US Dollar
"We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face
Trump warns BRICS countries if they try to replace dollar: '100% tariffs'
President-elect Trump on Saturday threatened the developing countries known the the BRICS bloc with "100% tariffs" if they try to move away or replace the dollar.
How will 25 percent tariff on goods from Mexico, Canada impact Texas?
Last Monday on the website Truth Social, President-elect Donald Trump made clear his intention to impose a substantial tariff ...
Trump and Trudeau discussed border and trade issues following tariff threats
US President-elect Donald Trump and Canadian Prime Minister Justin Trudeau met in Florida to discuss concerns about drugs and ...
Trump Tariff Talk to Put Pressure on Central Bankers
There are plenty of Federal Reserve speakers this week. The market will be listening for any comments on how President-elect ...
From beer to barley: How Trump’s tariff threat could affect your wallet
Donald Trump’s threat to hit Mexico with tariffs could raise prices on a surprising number of foods and drinks Americans love ...
Bloomberg L.P. on MSN1h
Philippines Tweaks 2025 Growth Outlook on Trump’s Tariff Threat
The Philippines widened its projected growth range for next year, citing uncertainties over US President-elect Donald Trump’s ...
What are tariffs? How Trump's tariff plan would work, who pays them, and how they could affect prices
Donald Trump's tariff plan would affect products from Canada, Mexico, and China. Here's what to know about tariffs, who pays ...
Ali Velshi: Trump’s new tariff threat ‘isn’t the way’ to change global trade
Trump is now threatening 100% tariffs on BRICS nations, should they move away from trading with the American dollar. Ali ...
GOP Sen. Bill Hagerty says access to the U.S. economy is a 'privilege' amid Trump tariff threats
Tenn., on Sunday said he is supportive of President-elect Donald Trump's plans to impose tariffs on a number of nations, ...