US EditionUS Dollar Will Remain King, Trump Says
BRAZIL, JUL 8 – BRICS nations initiated the 'Dollar Revolt' to oppose US tariffs after President Trump threatened a 10% tariff on member countries, signaling economic resistance to US pressure.
- During the 17th BRICS Summit in Brazil on July 6–7, leaders coordinated a 'Dollar Revolt' response following Trump's Sunday threat of a 10% tariff on member countries.
- Following Trump's social media remarks, he warned of a 10% tariff on BRICS countries after their summit in Brazil on July 6–7.
- IMF data shows the US dollar has declined over 10% this year, driven by Trump's shifting trade policies and a 57.80% reserve share in global holdings.
- BRICS response to Trump’s tariff threats has driven a 10% dollar decline, with markets reacting through bond and stock sell-offs as US investors shift assets.
- Trade letters warn countries of tariffs starting August 1, with the deadline firm for deals to avoid import charges by then.
Insights by Ground AI
Does this summary seem wrong?
12 Articles
12 Articles
All
Left
1
Center
2
Right
1
Dollar is king: Trump defends its status as world's dominant currency
Speaking during a Cabinet meeting at the White House, Trump emphasised the strategic importance of the dollar, describing any threat to its dominance as akin to an act of war. "Losing the dollar standard would be like losing a war, a major world war," Trump said.
·India
Read Full Article
MSNReposted by 
The Economic Times
The Economic TimesTrump says BRICS was set up to hurt us, reiterates tariff threat, ‘Dollar is king’
·United States
Read Full Article
By Emir Sader* the United States emerged victorious from World War II. Naturally, the dollar became the universal currency. As the U.S. economy consolidated as the strongest during the following decades, the dollarization of the world economy was strengthened. The recent world situation has again questioned the [...] La entrada DESDOLARIZATION? – By Emir Sader aparece primero en NODAL.
Coverage Details
Total News Sources12
Leaning Left1Leaning Right1Center2Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
Factuality
To view factuality data please Upgrade to Premium
