How will Trumps threat on 100% tariff on BRICS pan out

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India to be largest foreign hub for Trump Towers

India will become the largest hub for Trump Towers outside the U.S., with 10 projects planned in the next six years.
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India is set to become the largest hub for Trump Towers outside the U.S., with 10 projects planned over the next six years, including residential, office, and golf course properties, expected to generate around $1.75 billion in sales. Pictured are Trump Tower in Mumbai, left, developed by Lodha Group, and Trump Towers in Pune, developed by Panchshil Realty.
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Trump is considering a national economic emergency declaration to allow for new tariff program, sources say
www.thehindu.com

Tariffied? Markets feeling the most pinch from Trump tariff risks

From China to Europe, Canada to Mexico, world markets are already reeling from Donald Trump’s promise to jack up tariffs when he becomes U.S. president in less than two weeks.
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www.ft.com

China’s currency hits 16-month low on Trump tariff fears

Renminbi under pressure from stronger dollar and concerns about incoming US president’s trade plans
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BREAKING: Donald Trump to sign 200+ executive orders tomorrow.
www.fox5ny.com

Trump to take more than 200 executive actions on day one

President-elect Trump will sign more than 200 executive actions on his first day in office.
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Per FOX and Eric Daugherty, they include:
  • Declare emergency at the border + issue proclamation closing the border
  • Designate cartels as foreign terrorist organizations
  • Remain in Mexico, Catch and Release will be reinstated
  • Military will be directed to construct new phase of border wall
  • Terminate Biden orders on energy drilling restrictions
  • Return federal workers to in-person work
  • Pause all offshore wind leases
  • End DEI hiring practices in the federal government, merit only
  • Withdraw from the Paris Climate Accord
  • Order every agency to remove all federal actions increasing costs for Americans via deregulation
  • Suspend security clearances for the 51 officials who lied about the Hunter Biden 2020 laptop story
  • Establish a DOGE "hiring freeze"
So it begins...
 
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“We are on record—we don’t support any BRICS currency. Imagine us having a currency shared with China. We have no plans. It is impossible to think of a BRICS currency,” he stated, shutting down speculation about a bloc-wide monetary unit.
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By mixing emotions and business, India will only lose any edge it has. Real reason the minister is not saying is his IT cronies will suffer losses to thousands of crores when USD-INR exchange rate changes. Having a common currency will mean that the currency is stable and will naturally mean that currency has a higher exchange value wrt the usd. Let's suppose all the BRICS countries call India's bluff and make a common currency without India. Lets suppose the exchange value of that currency is 50 vs 1 dollar. Now Imports will become cheaper to all BRICS nations who accept that currency. Indian rupee is close to 90 now. That means a loss of almost 40 to both govt and exporters. So these smart people are throwing the baby with the bath water for some short term gains. After a few years they will change their stance on it when they see other countries have become richer and have more bargaining power and have better trade deals with West compared to India.I mean look at it from the other buyer's side too. Will you choose to trade with a group of countries having a single currency and you can calculate your profit/loss for 1 currency vs a bunch of currencies? Already EU is a group of countries having Euro. Look at the bargaining power the EU has. No reason why BRICS cant have a common brics currency. This is India shooting itself in the foot with a cannon. Should be dumb as bricks to mix emotion with business.

BRICS should go ahead with the common currency and throw India out imo. Don't let India in even if India wants to after the common currency is made. Unfortunately we are both a founding member and stupid at the same time. This is India's brexit moment before it even started.
 
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6pack said:
This is India's brexit moment before it even started.
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India is already having deals like Rupee-Dhiram direct trade, etc.
Will change it's stance as per situation and perspective, just waiting on the fence on this, not to directly offend current USA President who is unpredictable.
If EU can have their own currency, BRICS, SAARC, etc. too can, it's only a matter of time.
 
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