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Russia reacts to Trump tariff threat: BRICS not seeking a dollar alternative
31.1.2025
A potential “BRICS currency” will not be a rival to the US dollar, but rather a tool for mutual investment within the group, Kremlin spokesman Dmitry Peskov said
Bitcoin Steady, Gold Tokens Shine as XAU Hits Record High; Inflation in Tokyo Rises
31.1.2025
BTC takes a breather as Trump's tariff threat bodes well for gold, and the uptick in Tokyo inflation supports BOJ rate hikes
Crypto Daybook Americas: Bitcoin, Gold Rally in Tandem on Regulatory Outlook, Muted Tariff Effects
22.1.2025
Your day-ahead look for Jan. 22, 2025
BRICS Unmoved by Trump’s 100% Tariff Threats, Says Russian Envoy
22.1.2025
BRICS, an economic bloc comprising emerging nations, remains unfazed by U.S. President Donald Trump’s threats to levy 100% tariffs on goods from member states, according to Russian Ambassador Sergey Tolchenov. Speaking to the Jakarta Globe on Tuesday, Tolchenov highlighted BRICS’ financial...
Russian State Duma Deputy Chairman Calls out Tariff Bluff, Remarks on Digital Currencies’ Role in Freeing International Trade
16.12.2024
Alexander Babakov, Deputy Chairman of the Russian State Duma, called out President-elect Trump’s recent threats regarding the hypothetical implementation of a 100% tariff regime on the BRICS bloc, stating that such an application was unlikely. Russian State Duma Deputy Chairman: Trump...
Trump’s Tariff Threat Prompts China to Consider Yuan Devaluation
12.12.2024
China’s top leaders are considering allowing the yuan to weaken in 2025 to counter potential U.S. trade tariffs under Donald Trump’s presidency. Trump plans to impose a 10% universal import tariff and a 60% tariff on Chinese imports. A weaker yuan could make Chinese exports cheaper...
BRICS Retaliation Ahead? Expert Predicts US Tariff Fallout
10.12.2024
BRICS nations brace for a global economic standoff as U.S. tariff threats spark concerns about trade retaliation and geopolitical tensions, reshaping international alliances. BRICS Retaliation Inevitable: Expert Predicts Clash Over US Tariffs BRICS countries are expected to retaliate with...
Economist Jim Rickards on Trump’s Tariff Threats: ‘BRICS Already Has a Common Currency’
6.12.2024
Jim Rickards, an economist and best-selling author, has referred to the effects that the announced Trump tariff threat might have on the BRICS bloc. He explained that while the organization is not planning to issue a common currency, it already has one: gold. Jim Rickards States BRICS Doesn’t...
Trump Effect: Yuan Continues Free Fall as Tariff Threats Grow
5.12.2024
The tariff threats from President-Elect Trump against countries with issues with the U.S. are negatively affecting these nations’ currencies. The Chinese yuan has experienced a continuous decline, causing it to hit its lowest price in the last 15 months. Trump Tariff Threats Take Chinese Yuan...
China Stands Firm With BRICS Amid US Tariff Threats
4.12.2024
China has strongly defended the BRICS coalition against the U.S. President-elect Donald Trump’s tariff threats, emphasizing its principles of openness and inclusiveness. Responding diplomatically, Chinese Foreign Ministry spokesperson Lin Jian reiterated that BRICS does not target third parties...
Economist Warns Trump’s BRICS Tariff Threats Could Backfire on US Dollar
4.12.2024
Donald Trump’s threats of 100% tariffs on BRICS imports could double U.S. prices for essentials and accelerate a global shift away from the dollar, an economist warns. Trump’s BRICS Tariffs: Economist Predicts a Backlash Against the US Dollar French economist Jacques Sapir has weighed in...
Brazil Pushes Back on Trump’s BRICS Tariff Threat While Championing Single Currency Vision
3.12.2024
Brazilian officials dismissed U.S. President-elect Donald Trump’s proposed 100% tariffs on BRICS countries as unlikely, characterizing them as rhetoric rather than actionable policies. The Brazilian foreign ministry referenced Trump’s prior unfulfilled tariff threats against China, Mexico...
Trump’s 100% Tariff Threat: South Africa Denies BRICS Currency Plan
2.12.2024
South Africa has denied reports that the Brazil, Russia, India, China and South Africa (BRICS) economic bloc is planning to create its own currency. Trump Demands BRICS Nations Shun Alternative Currencies Rattled by U.S. President-elect Donald Trump’s 100% tariff threat, South Africa has dismissed...
Trump’s BRICS Tariff Threat Could Propel Bitcoin’s Growth Alongside US Dollar
1.12.2024
U.S. President-elect Donald Trump’s 100% tariff threat against BRICS nations over a shared currency highlights rising tensions, potentially elevating bitcoin’s role as a global financial hedge. Trump’s BRICS Tariff Threat Could Strengthen Bitcoin’s Savings Role Alongside US Dollar’s Trade Utility...
How Trump's Tariffs Could Cost Gamers Billions
27.11.2024
In mid-2019, then-President Donald Trump threatened to extend existing tariffs on industrial components and other goods to popular consumer products like iPhones, laptops, and video game consoles. The big three—Microsoft, Sony, and Nintendo, long-time competitors in the gaming space—rallied...
Why Trump’s Tariff Plan Goes Against the Free Market Ethos
8.11.2024
As Donald Trump eyes a dramatic economic overhaul, his proposed tariff regime stands at odds with the core tenets of free-market economics. Cutting Income Tax is Good, But Tariffs? Libertarians Disagree Donald Trump’s return to the presidency brings a bold agenda: funding government through tariffs...
Trump’s Stand on Tariffs Will Affect Both Rate Cuts & Crypto
6.11.2024
Donald Trump’s victory in the US Presidential election brings with it the probability of increased tariffs. That means…
India and Russia to Enhance Trade With Rupee-Ruble Payments
16.8.2024
India and Russia are discussing ways to enhance bilateral trade by adopting payments in their national currencies and reducing non-tariff barriers. The talks aim to facilitate rupee-ruble trade and address trade imbalances, particularly as petroleum dominates current transactions. With...
East African Community to Decide on Regional Central Bank Launch in 2023
19.1.2023
The East African Community (EAC) will decide during the course of the year 2023 when and where it will locate the envisioned regional central bank, the regional intergovernmental organization’s Peter Mathuki has reportedly said. The setting up of the regional central bank is expected to help...
Crypto Miners in Kazakhstan Start Paying Higher Electricity Fees
7.1.2023
Since the beginning of 2023, cryptocurrency miners operating in Kazakhstan are obliged to pay new fees for the power they need to mint digital coins. A surcharge introduced in 2021 now depends on the price of electricity consumed by bitcoin farms and can be much higher than the original levy....