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Economic Times - Business - News Image
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BusinessDec 02, 2024 03:44 PM

Trump's tariff threat to BRICS nations may end up backfiring

Trump's pressure on countries to remain tied to a US-dollar-based financial system could backfire, with potential increased motivation for BRICS to create alternatives. While the dollar's dominance persists due to existing economic strengths, recent global currency agreements indicate a cautious shift away from reliance on the greenback.Donald Trump's pressure on countries around the world to stay anchored to a US-dollar-based financial system is a tactic that risks backfiring, market watchers s ...Read More >

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