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President-elect Donald Trump said he would require countries that are part of ... to not creating new currency or face 100% tariffs during his administration. ... Trump threatens 100% tariff on ...
US President-elect Donald Trump threatened to levy 100% tariffs on BRICS -- a China- and Russia-led group of nations with emerging economies -- if the countries decide to issue their own currency.
Trump has floated steep tariffs on the BRICS group before. Last year, he threatened countries with a 100% tariff if they backed “any other currency to replace the mighty U.S. dollar.”
WASHINGTON − President-elect Donald Trump threatened the BRIC group of emerging-market nations on Saturday, warning that he would impose 100% tariffs if they make any moves to undermine the U.S ...
While campaigning for his second term as U.S. president, Trump vowed to implement even larger tariffs, including a 60% tariff on China, 100% on Mexico, and 20% on all other countries. He also proposed using tariffs to penalize American companies that outsourced manufacturing, such as imposing a 200% tariff on John Deere . [ 2 ]
Trump threatens ‘100% Tariffs’ on countries that buck US dollar: Find another ‘sucker’ — President-elect Donald Trump warned a bloc of nine nations to forego efforts to adopt a new ...
President-elect Donald Trump on Saturday lashed out at the BRICS group of emerging market countries, threatening to impose 100% tariffs if they try to "move away" from the US dollar.
The legal basis cited in Trump's tariff order is Section 232 of the Trade Expansion Act of 1962 which under certain circumstances allows the president to impose tariffs based on the recommendation from the U.S. Secretary of Commerce if "an article is being imported into the United States in such quantities or under such circumstances as to ...