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
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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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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.
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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.
 
TEUser2K1 said:
BRICS currency may be a basket of local currencies, additionally supplanted by Gold, bonds, etc.
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I believe a BRICS currency is improbable.

Even if came to be, it is more likely to be a basket of commodities rather than currencies. A currency backed by a basket of commodities in line with Gold backed currencies of yore. And there would be WW like negotiations between stakeholders while deciding weightage of commodities as each nation would've commodities that would favour them. Included commodities would be a basket of precious metals, energy, essential minerals etc.
 
TEUser2K1 said:
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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We can change his mind. Just tell him a common BRICS currency will reduce the currency deficit in trade between USA and BRICS nations and he can take full credit for it and he'll be okay with it.
A better valued currency will make exports costlier to USA but it will mean USA-BRICS countries trade deficit will become less. Trump's main issue is we are artificially reducing our country's currency value to make it cheaper for USA to import from us while simultaneously making the US dollar expensive such that our country's people don't feel like importing stuff from USA. On top of that our govt is imposing 200% duty on imports (his words) and is a tariff regime which makes it even harder for USA to close the trade gap. He has a point. Our govt has taken it too far and we need to stop decreasing out rupee value artificially. It also speaks of our double standards. On one hand we are expecting USA to buy everything from us and they don't put too much duty while we put all sorts of duties on everything they export to us. Trump is doing good for USA. The naysayers are the ones sitting outside the country and trolling since their free ride to riches got over. Another good thing that will come out of this is, once exports get costlier, Indians will have to increase their quality a lot. When you go to a common currency system, the playing field becomes level. Suddenly all the exporters will have a lot of competition and will have to compete on quality of goods rather than cheap prices. Now the only reason other countries are buying from us is the low prices. When that goes away, imagine the bloodshed in stock markets here. We are just buying time for the inevitable.
 
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Going by the budget, though it seemed to be positive, the markets are still falling, which only shows that the real deal is Trump. Geopolitics is monopolized by US due to their dollar dominance. February will be very interesting IMO. I have personally squared off most of my investments while the margins were still positive. Now, its a wait-and-watch game. Things will get real interesting once Trump and Modi meet. Already we are seeing that the Chabahar port will be sanctioned and India's investments there will be at question. Fingers' crossed!
 
February will be a very interesting month. Even after a positive budget, the markets are still falling which only shows that Trump is the real deal. Though US products might get cheaper in India, Indian manufacturers might get screwed. Im eagerly waiting for the Trump-Modi meeting and then I'll reinvest once the dust settles. Already, there are indications of sanctions in Chabahar port in Iran where India has huge investments.
 
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