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.
Trump threatens 100% tariff on Brics nations if they try to replace dollar
US President-elect Donald Trump has threatened to impose 100% tariffs on a bloc of nine nations if they were to create a rival currency to the US dollar. "The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,
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,
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 Velshi joins The Weekend to discuss the implications these threats could pose to the global economy.
Donald Trump warns BRICS countries of "100% tariff" over new currency plans
Donald Trump warned of 100% tariffs on BRICS nations — composed of Brazil, Russia, India, China and South Africa — should they develop a new currency to compete with the U.S. dollar. “The idea that the BRICS countries are trying to move away from the dollar while we stand by and watch is over,
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, Trudeau meet at Mar-a-Lago amid tariff threats
Canadian Prime Minister Justin Trudeau met with Donald Trump Friday night at the president-elect's Mar-a-Lago resort. Speaking to reporters outside his hotel in West Palm Beach, Florida, on Saturday morning, Trudeau said his conversation with Trump was "excellent" but did not respond to any additional questions.
What are the BRIC nations? Why did Donald Trump threaten them with tariffs? What to know
Donald Trump continues to threaten tariffs against foreign nations, this time toward a bloc of nine countries if they try to undermine the dollar's global dominance.
Yuan Weakens Amid Trump’s Tariff Threat on BRICS Countries
Chinese yuan weakened amid U.S. President-elect Trump’s threat to impose 100% tariffs on BRICS countries if they attempt to create a new currency to replace the dollar.
Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine U.S. dollar
President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar.
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 ...
Cruz defends Trump tariff plan: Threat ‘immediately’ produced action
Texas Sen. Ted Cruz (R) defended President-elect Trump’s threat to impose steep 25 percent tariffs on all goods from Canada ...
Sen. Bill Hagerty says access to U.S. economy is a ‘privilege' amid tariff concerns: Full interview
During an exclusive interview with Meet the Press, Republican Sen. Bill Hagerty (Tenn.) discusses President-elect Donald ...
Consumers encouraged to check for cheapest electricity tariff
The Utility Regulator is urging more consumers to engage with the market to save money on their electricity bills.
Expert dismantles claims that Trump’s tariff plan will spike prices: US has ‘abundance in everything’
Fox News contributor Steve Hilton reacts to the media’s uproar over President-elect Donald Trump’s tariff plan and weighs in ...
Experts: Tariff threat from Trump would increase costs of Spokane homes
Threats by President-elect Donald Trump to impose sweeping new tariffs on the United States' top trading partners are revving up an old trade war that has pitted Washington, Oregon and Idaho foresters ...
Singapore Dollar Weakens Amid French Political Risks, U.S. Tariff Threats
The Singapore dollar weakens against its U.S. counterpart in the Asian trading session. Political risks in France have increased, says RBC Capital Markets’ Alvin T. Tan in an email. Far-right party ...