US President Trump threatened the BRICS countries neither to create a new BRICS currency nor replace US Dollars with any currency, otherwise they will face 100% tariffs.
According to International trade experts any such tariff would ultimately hurt American economy.
The US has the history of leveraging its influence over the global financial system like SWIFT (SOCIETY FOR WORLDWIDE INTERBANK FINANCIAL TELECOMMUNICATION). In the past US weaponised the global financial infrastructure by throwing Iran & Russia out of SWIFT which is the key to international transactions.
Several countries have been looking for alternative mechanisms after such incidents.
Chinese government has been working aggressively on internationalisation of Renminbi, Chinese currency.
India's External Affairs Minister S. Jaishankar has said avoiding use of US is not India's economic policy.
#international #economy #US #Trump #BRICS
According to International trade experts any such tariff would ultimately hurt American economy.
The US has the history of leveraging its influence over the global financial system like SWIFT (SOCIETY FOR WORLDWIDE INTERBANK FINANCIAL TELECOMMUNICATION). In the past US weaponised the global financial infrastructure by throwing Iran & Russia out of SWIFT which is the key to international transactions.
Several countries have been looking for alternative mechanisms after such incidents.
Chinese government has been working aggressively on internationalisation of Renminbi, Chinese currency.
India's External Affairs Minister S. Jaishankar has said avoiding use of US is not India's economic policy.
#international #economy #US #Trump #BRICS
Republican President Donald Trump used his executive powers to pardon his supporters who attacked US Capitol 4 years ago.
He also kicked off sweeping immigration crackdown, cut support for wind power & electric vehicles. He also cleared way for oil drilling in Arctic & offshore areas.
He also delayed ban of Tiktok app.
Planes carrying Afghan refugees to be turned back.
#Trump #47th #USPresident #decisions
He also kicked off sweeping immigration crackdown, cut support for wind power & electric vehicles. He also cleared way for oil drilling in Arctic & offshore areas.
He also delayed ban of Tiktok app.
Planes carrying Afghan refugees to be turned back.
#Trump #47th #USPresident #decisions
U.S. President Donald Trump was accorded a traditional welcome in the United Arab Emirates with a performance of Al-Ayyala.
What is AL-Ayyala?
Al-Ayyala is a traditional performing art practiced in the Sultanate of Oman and the United Arab Emirates.
Recognized by UNESCO in 2014 as part of the Intangible Cultural Heritage of Humanity.
Al-Ayyala involves chanted poetry, drum music, and dance, simulating a battle scene.
Two rows of about 20 men face each other, carrying thin bamboo sticks to signify spears or swords. Musicians play large and small drums, tambourines, and brass cymbals between the rows.
In the UAE, girls wearing traditional dresses stand at the front, tossing their long hair from side to side.
Al-Ayyala is traditionally performed during weddings, national holidays, and other festive occasions in Oman and the UAE.
It serves as a symbol of national identity and unity, bringing together performers from diverse backgrounds and age groups.
#Trump #MiddleEastTour
What is AL-Ayyala?
Al-Ayyala is a traditional performing art practiced in the Sultanate of Oman and the United Arab Emirates.
Recognized by UNESCO in 2014 as part of the Intangible Cultural Heritage of Humanity.
Al-Ayyala involves chanted poetry, drum music, and dance, simulating a battle scene.
Two rows of about 20 men face each other, carrying thin bamboo sticks to signify spears or swords. Musicians play large and small drums, tambourines, and brass cymbals between the rows.
In the UAE, girls wearing traditional dresses stand at the front, tossing their long hair from side to side.
Al-Ayyala is traditionally performed during weddings, national holidays, and other festive occasions in Oman and the UAE.
It serves as a symbol of national identity and unity, bringing together performers from diverse backgrounds and age groups.
#Trump #MiddleEastTour
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