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The US dollar is currently projecting a softening stance as compared to its global peers. President Donald Trump’s US tariffs have weakened the USD stance, promoting a fresh wave of de-dollarization to gain a hold of the market. This new wave is accompanied by a global ditching of the US dollar and assets while exploring alternative currencies as a hedge to secure one’s returns. In this process, certain currencies are winning against the greenback, delivering fresh blows to the American currency. Which currencies are topping the charts at the moment? Let’s find out. Also Read: De-dollarization: SCO Nations Shift 92% of Trade Away from U.S. Dollar US Dollar To Deteriorate Further Source: Watcher Guru The US dollar is expected to project a low price valuation in the future. This decay may happen gradually due to the rising US tariff tensions and uncertainty that Trump’s policies are subduing the dollar’s winning streak. “Tariff worries, recession risk, and U.S. fiscal policy c...

Europe is extending friendly ties with the BRICS alliance as Trump’s tariffs hit the market in February. Several European leaders have expressed displeasure at Trump’s decision to impose tariffs on close Western allies. BRICS member China is making use of the escalating tensions between the US and Europe and extending cordial relations. Also Read: When Is the BRICS Summit in 2025? Some countries in Europe are reconsidering their relations with BRICS member China, while others are aiming to diversify their partnerships with Japan and South Korea. Many other European nations are reaching out to India to procure goods. The widening rift between the US and Europe stems out of tariffs and its stance in the Ukraine war. Also Read: BRICS: Goldman Sachs Predicts US Dollar Will Experience a Boom US Tariffs: Will Europe Get Friendly With BRICS? Source: VCG However, the European Union faces a mixed approach with BRICS member China as some advocate for partnerships while others take a ...

US President Donald Trump vowed to put an end to the de-dollarization initiative kick-started by developing countries to protect the dollar. The President threatened import tariffs on anyone trying to sideline the US dollar for trade. He also imposed tariffs on Canada, Mexico, and China, and warned other countries that they could be next. Also Read: De-Dollarization and the Privacy Debate: The Geopolitical Push for CBDCs The pressure mounted on developing countries by Trump is bringing the de-dollarization agenda to a screeching halt. Emerging economies are now considering using the US dollar for trade and pausing settling cross-border transactions in local currencies. “The idea of undermining the dollar is dead now,” said Trump to reporters at the White House. De-Dollarization: Tariffs Saves the US Dollar Source: MarketWatch Also Read: New Ripple XRP Price Surge to $3.40? What to Know Tariffs imposed on several countries are making them reconsider de-dollarization and use ...

President Donald Trump has threatened BRICS countries with 100% tariffs if they continue to end reliance on the dollar. Trump stressed that goods entering the US will face a 100% tariff and the bill will be footed by BRICS. This comes after he announced the establishment of the External Revenue Service (ERS) which will collect tariffs and taxes from foreign countries. Also Read: Trump Directs Agencies for Emergency Steps To Reduce Cost of Living BRICS now needs to rethink their de-dollarization initiatives as Trump is coming at them harder. Imposing tariffs on goods entering the US will create a financial imbalance in the imports and exports sector. Businesses could take losses and find it hard to sustain in a competitive global market. “As a BRICS nation, they’ll have a 100% tariff if they so much as even think about doing what they thought (de-dollarization), and therefore they’ll give it up immediately,” said Trump to ANI. Also Read: BRICS Realize They Cannot...

BRICS member Russia has commented on the recent 100% tariff threats issued by President-elect Donald Trump for cutting ties with the US dollar. Russian President Vladimir Putin spoke about the threats by poking fun at the American economy and its dwindling power. The clout that the US carried a few decades ago is no longer in existence as developing countries have come far ahead in steering their economy to prosperity. Also Read: BRICS: Global US Dollar Payments Fall Below 50% While their economy is becoming prosperous, BRICS is focusing on boosting their local currency and not the US dollar. The bloc is determined to use local currencies first and keep the US dollar in the backseat of the global economy. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. Also Read: Top Economist Predicts the Future of BRICS Currency BRICS: The U.S. Dollar’s Global Influence Is Decreasing Source: Wallpaperflare BRICS leader and Russian President Pu...

Donald Trump is all set to become the next president of the United States. Trump’s crowning is officially scheduled for January 20, 2025, marking a new era of US politics to encounter and experience. This phase is associated with many things, primarily the revival of American legacy and its lost luster and glory. For this purpose, the president-elect has vowed to protect the US dollar at all costs. At the same time, Trump has promised to subdue forces that may erode the US dollar, including curbing the global de-dollarization processes, to ensure the longevity of the USD as an international reserve currency. But contrary to this belief, Trump’s power-packed policies may deflate the US dollar’s value. Here’s how it may happen. Also Read: Dogecoin To Hit $0.82: Doge To Surge 120%, Here’s When Two Reasons Why the US Dollar May Dip Under Trump’s Rule 1. Tariffs Imposed By Trump Source: MarketWatch Trump has pledged to impose taxes on nations moving away from the dollar. The pres...