Kremlin says Trump threat to BRICS nations over US dollar will backfire
The Kremlin said on Monday that any U.S. attempt to compel countries to use the dollar would backfire after U.S. President-elect Donald Trump threatened to impose tariffs on BRICS countries if they created their own currency.
US Dollar gains as Trump threatens tariffs against BRICS, boosting the Greenback
News of Donald Trump planning to impose tariffs on countries who intend to join the BRICS currency has strengthened the US Dollar. On the data front, the ISM Manufacturing Purchasing Managers Index (PMI) increased to 48.4 in November, signifying a milder rate of contraction in the US manufacturing sector compared to October's value of 46.5.
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