US President Trump warns of potential 100% tariffs if BRICS attempt to replace US Dollar developing story ....
US President Donald Trump reiterated his threat of imposing 100% tariffs on BRICS nations if they try to replace the US Dollar with a new currency in international trade. Trump said on X , Market reaction Markets remain wary amid renewed tariff threats from President Trump, with the US Dollar Index flatlining at around 108.15 while the US S&P 500 futures, a risk barometer, are up 0.31% on the day.
Tariffs are prepaid at the port of entry, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and businesses, while tariffs are paid by importers. Are tariffs good or bad? There are two schools of thought among economists regarding the usage of tariffs.
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