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The Donald Trump era has prioritized strict tariff regimens on countries that wish to trade with the US dollar. This new narrative has sparked fears of de-dollarization, impending trade wars, and retaliatory tariffs, which have directly taken a toll on the US dollar’s prestige. The Trump regime, with its harsh trade policies, has led the dollar down and has sparked fresh de-dollarization drives, with global sentiment favoring USD alternatives. In this wake, recent IMF data has revealed staggering details, adding how the global reserve share of the USD has declined consistently. Furthermore, another striking Analysis reveals a new currency taking over the global reserve attention, and no, it’s not the Chinese Yuan or the Euro. Also Read: Russia Says Joe Biden is Responsible For the US Dollar’s Decline IMF Data Reveals New Global Reserve Competitor Source: Study In Switzerland As per the IMF’s Currency Composition of Official Foreign Exchange Reserves, the Swiss franc’s global rese...

BRICS is pulling every option up its sleeve to challenge the US dollar’s hegemony in the global financial order. From settling trade in local currencies to diversifying their central bank reserves with gold and advancing the de-dollarization agenda, they’ve been doing it all. The formation of a BRICS currency was also on the cards but the details of the development remain little known. Also Read: BRICS: Calls To Move Away From the US Dollar Is Growing However, veteran banker and Jio Financial Services Chairman KV Kamath shed light on the little-known yet powerful initiative. Kamath said during an interview with CNBC-TV18 that a BRICS currency reserve will soon shake up the Western financial world. He explained that the development could challenge the IMF and create a parallel global economy dampening the US hegemony. Also Read: BRICS: India Makes Huge Announcement on New Currency BRICS Currency Reserve to Challenge the US, IMF, & Western Allies Source: Cryptopolitian.com The...

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 ...