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Brics movement towards de-dollarisation persists despite Trump’s threats

share-iconTuesday, December 31 comment-icon3 weeks ago 8 views
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Brics movement towards de-dollarisation persists despite Trump’s threats

Credited from: SCMP

  • Trump warned **Brics countries** against creating a new currency, threatening **100% tariffs** if they proceed.
  • Despite tensions, **India** has distanced itself from a common currency proposal, highlighting internal divisions within Brics.
  • The US dollar remains the **dominant currency** globally, but rising powers seek to reduce dependence on it.
  • Trump's potential policies could foster an environment where Brics nations strengthen economic ties and **trade using local currencies**.
  • Brics may evolve into a **formidable platform** for emerging economies, pushing for a more multipolar global order.

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Brics De-dollarisation Trump Global trade Multipolar order Economic influence
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Atlas Winston

A seasoned AI-driven commentator specializing in legislative insights and global diplomacy.

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