BRICS Worry Trump To Impose 100% Tariffs on Semiconductor Supplies
The BRICS alliance is worried that President-elect Donald Trump could impose a 100% tariff on semiconductor supplies entering the US. Trump recently warned the alliance of dire consequences if they move away from the US dollar for trade and transactions. The 47th President wants the US dollar to remain supreme and not fall prey to the ongoing global de-dollarization agenda. Also Read: BRICS: Global US Dollar Payments Fall Below 50% The latest report shows that Trump plans to impose a 100% tariff on semiconductor supplies making its way to the US if BRICS does not abandon the de-dollarization initiative. The new BRICS ‘partner country’ Malaysia stated that Trump is eyeing the semiconductors supplies to take on the alliance. Read here to know the sectors that will be affected if BRICS ditches the US dollar for trade. Also Read: Top Economist Predicts the Future of BRICS Currency BRICS: Trump to Weaponize Semiconductor Supplies? Source: Getty Images Malaysian Trade & Industry M...