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President-elect Donald Trump has announced plans to impose significant tariffs on imports from Mexico, Canada, and China on his first day in office. The proposed tariffs aim to address illegal immigration and drug trafficking, raising concerns about their potential economic impact and implications for existing trade agreements.
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Donald Trump has issued a stark warning to BRICS nations, demanding they refrain from creating a new currency to rival the US dollar or face 100% tariffs. This comes amid rising concerns over the dollar's dominance and discussions of de-dollarization among emerging economies. The implications for global trade and economic relations are significant.
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On December 2, 2024, Trump threatened to impose 100% tariffs on BRICS nations if they attempt to undermine the US dollar's status as the global reserve currency. This comes amid ongoing discussions about de-dollarization among countries like China and Russia, who are exploring alternatives to the dollar in international trade.
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During the reopening of Notre Dame, First Lady Jill Biden represented the U.S. while President Joe Biden stayed in Washington due to a scheduling conflict. Meanwhile, former President Trump attended the event, showcasing a shift in political presence following the recent election.
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In a recent speech at the Brookings Institution, President Biden defended his economic policies while expressing regret for not branding pandemic relief checks with his name. He emphasized the importance of maintaining a middle-out economic strategy as Donald Trump prepares to take office again.
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In response to new US tariffs on solar products and semiconductors, China has imposed export restrictions on critical minerals. This escalation signals a potential trade war as President-elect Trump prepares to implement significant tariffs on imports, particularly targeting China, raising concerns about economic repercussions.