Donald Trump is still weeks away from taking office but Xi Jinping has already sent a pretty clear message that China is readier than ever to go toe-to-toe with the US in any future trade fight. This week Beijing banned the export of several esoteric materials with high-tech and military applications, ordering retaliation after President…
15 June 2022, Baden-Wuerttemberg, Rottweil: US dollar bills lie on a table in an office. Photo: … [+] Silas Stein/dpa (Photo by Silas Stein/picture alliance via Getty Images) dpa/picture alliance via Getty Images By any reasonable measure, President-elect Donald Trump was right when he said over the weekend that “there is no chance that the…
Hyderabad, President-elect Donald Trump’s warning that BRICS countries will face 100 per cent tariffs if they choose to move away from the US dollar is unclear to what extent he will carry out his threat, as it remains to be seen if the US law permits such an action, former RBI Governor Duvvuri Subbarao said…
US President-elect Donald Trump demanded on Saturday 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. “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is…
New Delhi, Dec 1 (PTI) The warning of US President-elect Donald Trump to BRICS countries to impose 100 per cent customs duties if the BRICS group would replace the US dollar is unrealistic, and India should focus on developing a workable local currency trading system, think tank GTRI said on Sunday. BRICS, formed in 2009,…
China launched its first rocket from a new commercial space site on Saturday night as the country attempts to expand its presence in a business currently led by Elon Musk’s SpaceX. The rocket successfully placed two experimental satellites into orbit, China Central Television reported. Source link
The world could see a second wave of tariff war as Donald Trump takes office this January. The US President-elect has threatened a 100% tariff on the BRICS countries, including India, if they undercut the US dollar or replace it with another currency for international transactions. His remarks follow a BRICS meeting in October that…
President-elect Donald Trump in a Truth Social post on Saturday issued a stern warning to China and its trade allies about their plans to try and displace the United States dollar as the global currency. “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch…
Last week, the two countries’ defence chiefs held talks in Laos and committed to cooperation – the latest in a series of moves that analysts have called a “strategic recalibration” in response to pressures from the West. As Beijing seeks to reform the global economic architecture and New Delhi pursues its multidimensional foreign policy, their…
The Chinese government has started a special program to crack down various unfair and non-compliant practices on the internet to safeguard the interests of netizens and companies, according to a statement from the Cyberspace Administration of China on Sunday. From today through Feb. 24, 2025, regulators will rectify malpractices such as creating so-called information cocoons…