Trump's 100 per cent tariff threat on BRICS: Need to see if US laws permit sanctions: Ex-RBI Guv
Donald Trump warned that BRICS countries will face 100 percent tariffs if they shift from the US dollar. However, former RBI Governor Duvvuri Subbarao indicated that it is unclear whether Trump will follow through. Subbarao also mentioned that BRICS nations face internal challenges, making the move to a common currency unlikely due to political and economic factors.
Donald Trump warned that BRICS countries will face 100 percent tariffs if they shift from the US dollar. However, former RBI Governor Duvvuri Subbarao indicated that it is unclear whether Trump will follow through. Subbarao also mentioned that BRICS nations face internal challenges, making the move to a common currency unlikely due to political and economic factors.
