BRICS Could Threaten Trump, Impose Countermeasures For 100% Tariff
The BRICS alliance might not take Trump’s threats lightly and could impose countermeasures for his 100% tariff remark. China, Russia, and Iran could move forward, challenging Trump, while other member nations could play it softly. Trump recently threatened BRICS to abandon the de-dollarization agenda or face consequences of 100% tariffs on goods entering the US. The threat was made even before he took oath indicating that the trade war would intensify under his presidency. Trump wants the US dollar to remain supreme and be the dominant currency of the world. Also Read: BRICS: US Could Toughen Sanctions on Russia’s Oil Exports BRICS Will Respond With Countermeasures on Trump’s 100% Tariff Source: AFP The BRICS bloc could countermeasure Trump’s 100% tariff and place the heat on the US, said Shakila Yacob, Professor at Jeffrey Cheah Institute. The move could ignite a fresh trade war as Trump could also step up his aggression and impose more duties. “Of course, this ...