Bài đăng

Hiển thị các bài đăng có nhãn tariff

BRICS or the US? Saudi Arabia May Have Chosen a Side Amid the Faceoff

Hình ảnh
Since the start of the year, the BRICS economic alliance and the US have seen tensions explode, and Saudi Arabia has unwillingly sat at the center. Indeed, their issues have reached a fever pitch amid a brewing trade war between the United States and China. Now, all eyes are on Riyadh and where its loyalties could lie in a geopolitical sense. The country was among the first to be included in the bloc’s landmark expansion plan. However, since accepting an invitation to join, Saudi Arabia has yet to fully become a part of the collective. Now, that may never come, as it stands in a complicated position with both allies. Also Read: BRICS: China & Russia Announce New Major Partnership Saudi Arabia Stands at the Center of US & BRICS Conflict: Which Side Are They On? Since his return to the White House, US President Donald Trump has not minced words regarding the BRICS bloc. Indeed, he warned that the bloc would face a 150% tariff for its attempts at creating a currency to rival the U...

This New Currency Is Challenging The US Dollar And No It's Not Yuan

Hình ảnh
In a multipolar currency world, the US dollar has now become a source of constant speculations and challenges. The US dollar has attracted credible foes and enemies, the ones that want to derail its status as a reserve currency. US President Donald Trump is also tightening his stance against global nations, introducing intense tariff policies that are further pushing the nations away from the US dollar. With the trade war narratives catching pace, the US dollar keeps plunging, derailed by a new currency challenger in space. Also Read: Wall Street Crash: Who Got Wrecked in the $320B Crash—While Buffett Cashed In? US Dollar’s Newest Enemy The US dollar is now a part of larger currency dynamics, with the American currency battling new challenges. Per the Kobeissi letter, the US dollar index has fallen 3.5% last week, marking the second largest drop since the pandemic in 2020. The index is still showing signs of red, plummeting relentlessly amid new trade war narratives gaining moment...