Trump warns BRICS nations against creating a rival currency to the U.S. dollar, threatening 100% tariffs. Putin praises BRICS as a pillar of a new world order.
U.S. President-elect Donald Trump on Saturday (November 30) demanded that BRICS member countries commit to not creating a new currency or supporting another currency that would replace the United States dollar or face 100% tariffs.
"We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy," Trump wrote on his social media platform, Truth Social.
"They can go find another 'sucker'. There is no chance that the BRICS will replace the U.S. Dollar in International Trade, and any Country that tries should wave goodbye to America."
On November 7, Russian President Vladimir Putin said the BRICS countries demonstrate an example of constructive cooperation and are the basis of a new just world order.
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Donald Trump has once again shared a video clip of Azerbaijani President Ilham Aliyev’s remarks from the Shusha Global Media Forum on his Truth Social account.
Canadian Prime Minister Mark Carney is working urgently to mend strained ties with Mexico, after relations collapsed late last year when Canadian officials indicated a preference for pursuing a U.S. trade deal without Mexico.
U.S. President Donald Trump should proceed with imposing additional sanctions on Russia, as they could help bring the war in Ukraine to an end, Finland’s Foreign Minister Elina Valtonen said on Friday in a Reuters NEXT Newsmaker interview.
Russia and Ukraine have traded fresh strikes amid mounting international pressure to end the ongoing conflict, as the Kremlin confirms that President Vladimir Putin will meet with U.S. President Donald Trump in the coming days.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
De-dollarisation, the move away from the U.S. dollar in global trade and finance, is no longer a fringe idea. As geopolitical tensions rise and new financial tools emerge, could this shift really transform the global economy?
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
U.S. stock markets closed higher on Wednesday, with the Nasdaq leading gains after tech giants – particularly Apple – saw strong advances.
Global financial markets are trading mixed today amid U.S. President Donald Trump’s announcement of tariffs on drug and semiconductor imports, coupled with weak service sector data impacting investor risk appetite.
Tesla has granted Elon Musk a $29 billion share award as part of a new compensation plan to retain him as CEO while the company shifts focus from electric cars to robotaxis and AI. The move revives elements of a controversial 2018 package previously struck down by a Delaware court.
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