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Trump shocks with new tariffs: BRICS alliance benefits!
Deutsche Bank warns of dollar crisis that could strengthen BRICS. Trump's tariffs weigh on dollar stability.
Trump shocks with new tariffs: BRICS alliance benefits!
US President Donald Trump is unleashing the markets once again with his brand new “Liberation Day” tariff policy! The announcement of a blanket 10% tariff against all trading partners has sent the dollar reeling and rattled nerves across the global economy. The BRICS countries, which have so far been on a de-dollarization course, could now be the real winners, as watcher.guru reports! The risk of a “dollar confidence crisis” was publicly predicted by Deutsche Bank - the question arises: has the green banknote lost its shine?
Deutsche Bank foreign exchange expert George Saravelos warns of the erosion of the dollar's “safe haven” properties – a major blow to unhedged dollar investments! The US stock market reacted promptly with a crash, while the BRICS countries are investing in gold and benefiting from a remarkable rise in the metal. With current geopolitical tensions, this may have been the right move. A turbo for the BRICS alliance, which could reach new heights in an economic exchange with Trump! Concerns about America's dwindling economy could prove to be a game-changer for global dollar desirability says watcher.guru.