us dollar

Donald Trump reiterates warning! BRICS countries, including India, to be charged 10% additional tariffs; US President says group is ‘trying to destroy dollar’

Admin3 weeks ago06 mins

Donald Trump’s 10% additional tariff warning to BRICS (AI image) US President Donald Trump on Tuesday reiterated his warning of an additional 10% tariff on BRICS nations, including India. Trump alleged the BRICS group is working to weaken the US dollar. During a Cabinet meeting under his leadership, Trump issued a stern warning, stating: “BRICS…

‘Bit empty’: Shashi Tharoor downplays Donald Trump’s tariff threats to Brics nations | India News

Admin6 months ago05 mins

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…

‘Hoist with his own petard’: Congress mocks PM Modi as rupee hits all-time low

Admin7 months ago04 mins

Jairam Ramesh (File photo) NEW DELHI: The Congress took a jab at Prime Minister Narendra Modi on Monday over the sharp fall in the value of the rupee, stating that as the decline continues, he has been “hoist with his own petard.” The rupee recorded its steepest drop in nearly two years, plummeting 55 paise…

Dollar trade finance dips as demand for local currencies rises: JPMorgan’s Zhang

Admin7 months ago07 mins

Currency trends have been very interesting over the last few years, specifically in trade finance, where the bank has observed a mild decrease in US dollar usage, Charley Zhang, head of trade and working capital, APAC at JPMorgan, said in a virtual interview. “Notably, US dollar trade finance has experienced declining momentum in the last…

‘Go find another sucker’: Trump’s message to BRICS members, which includes India | World News

Admin8 months ago06 mins

Donald Trump, the next president of the United States, said on Saturday that BRICS countries can ‘go find another sucker’ if they cannot commit that they will neither create a new currency of their own, nor back any other currency “to replace the mighty US Dollar”. US President-elect Donald Trump (AP/File) Formed in 2009, BRICS…