Washington: At the end of last year, where the BRICS countries were discussing de-dollarization to reduce US dollar dominance in the global economy, now US President Donald Trump has once again warned the BRICS countries that they have once again warned Do not reduce the dollar dominance within the fortnight. Before coming to power. Trump has taken many major decisions so far as per his election promises of the ‘US First’ policy, but he has once again warned the BRICS countries that if they take any action against the dollar, they should forget the US market. .
US President Donald Trump has started implementing several promises made during his election campaign to follow the ‘US First’ policy. Trump has initiated strict action against illegal immigrants as soon as he took over for a second term. Similarly, Trump had also said to impose 100 percent tariffs on BRICS countries during his election campaign. Now Trump has once again openly threatened BRICS countries about this. Trump said that even if the BRICS countries try to find a dollar option, they will not be allowed to sell their goods in America.
The founding members of the BRICS are Brazil, Russia, India, China and South Africa. Apart from this, Later Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates also joined the group. Currently, these 10 countries are included in BRICS countries. The BRICS established in 2009 is the only major international organization that is not a member of the United States.
Over the years, some members of the BRICS group, especially Russia and China, have been emphasizing the US dollar option for trade with countries or the creation of BRICS currency. However, India, an important founding member of BRICS, is opposing D-D-Dolization.
Donald Trump on Friday wrote on social media platform Truth Social, “The idea is ridiculous that BRICS will try to get away from the dollar and we will just stand and watch.” BRICS countries will have to commit commitment that they will not create any other currency, or would not support any other currency instead of US dollars. Otherwise, they will face 100 percent tariffs and the US economy will be banned from selling any product.
Trump said that the use of any other currency in place of US dollar in international trade or any other place by BRICS countries would not be acceptable. Any country who tries to do so, will have to be ready to face tariffs and say goodbye to the American market. Since the election campaign, Trump has been repeatedly threatening to impose 100 percent tariffs on BRICS countries.
Canada and Mexico will take 25% tariff from today: Trump
We will decide to include crude oil in tariff items.
Washington: US President Donald Trump has announced a 25 percent tariff on Canada and Mexico from 1 February. Trump said that he would impose 25 percent tariffs on both countries. Due to these two countries, we have to suffer a lot. Along with this, he also warned that the tariff may increase over time. Additionally, he has also warned of tariffs on China.
US President Donald Trump said an increased tariff on Canada and Mexico would be applicable from Saturday. We will decide on Thursday night whether crude oil should be included in the list of tariff items or not. “We have announced tariffs on Canada and Mexico for many reasons,” Trump said. In these reasons, he also mentioned illegal infiltration and drug trafficking. Apart from this, he also explained the reason for increasing the tariff to the US and the huge subsidy given by the US to Canada and Mexico. We give a subsidy of $ 175 billion per year to Canada and $ 250 to 300 billion to Mexico.
