The Trump administration is not expected to immediately impose a 10% tariff on Brics nations, despite earlier threats from President Donald Trump warning of trade penalties for countries embracing “anti-American policies”. According to a source familiar with the matter, cited by Reuters, the administration will reserve the option to activate the additional tariff only if…
China has pushed back against US President Donald Trump’s threat to impose an additional 10 per cent tariff on Brics nations, saying the bloc is not seeking confrontation and warning that tariff measures serve no constructive purpose.Responding to Trump’s remarks, the Chinese foreign ministry said on Monday, “The use of tariffs serves no one,” and…
As Russian President Vladimir Putin and Chinese leader Xi Jinping skip the BRICS Summit in Brazil, here’s how the expansion of the group has led to the emergence of an ideological divide. read more As Brazil gears up to host the BRICS Summit 2025, two of the most prominent members of the group, leaders from…
NEW DELHI: Congress MP Shashi Tharoor dismissed US President Donald Trump‘s tariff threats against Brics nations, labeling them “a bit empty”, citing the absence of plans to introduce an alternative to the US dollar.Tharoor described the dollar as a “practical convenience” for most nations, indicating that Brics has not made a substantial proposal to establish…
MUMBAI: The rupee fell to a record low of 84.73 against the dollar on Monday, weakening 0.2% for its worst single-day decline since June 4. It touched an intraday low of 84.73 before closing at 84.70 – 14 paise weaker than Friday’s close. This was driven by strong dollar demand in the non-deliverable forward (NDF)…
