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Trump’s tariffs: Is BRICS threatened with a dollar knockout?
Geopolitical tensions: Experts predict that BRICS will come under pressure from a rise in the US dollar.
Trump’s tariffs: Is BRICS threatened with a dollar knockout?
Oh là là, the dollar is moving into the fast lane! Political turbulence is shaking the world as the USA goes on a confrontation course. US President Donald Trump is turning the screws and things are booming on the global market: Trump is relying on aggressive customs policies that are causing headaches for the BRICS countries (Brazil, Russia, India, China and South Africa). Experts warn: The US tariffs could fuel the dollar and thus thwart the plans of countries that are trying to break away from the dollar - that is the tenor of the report at watcher.guru.
Goldman Sachs analysts see it clearly: a tough hand on trade issues could drag the dollar down. Speculators, beware, because the long gamblers on the dollar could be rubbing their hands! The plan? Further heating up the import tax machinery that secures the Trump course. Is this an ace up the sleeve or is it a high stakes poker game? The end remains open for the BRICS countries, because no matter how tempting the course may be, it reshuffles the cards in the global foreign exchange market and endangers the hard-fought escape from the dollar's grip. Whether the whole thing plays into Trump's hands or not remains to be seen, as watcher.guru reports.