TRUMP TRADES
Trump tariff: No more happy hours? From tequila to Corona, get ready to pay more for your favourite drink
Trump's tariff plans: Americans may need to pour one out as several popular alcohol brands as they prices are likely to go up under President-elect Donald Trump's proposed tariffs. Trump has announced his proposal to place a 25% tariff on products from Canada and Mexico. As a result, America's most beloved libation and No. 1 beer brand, Modelo, may be more expensive. Constellation imports all of its beer from Mexico, including Modelo and Corona.
Trump's BRICS tariff threat vows to defend US dollar hegemony, but is the greenback under threat?
US President-elect Donald Trump has threatened retaliation against governments that challenge the US dollar, vowing "100 percent tariffs" on countries that undercut the US currency. The system has evolved since that time and several countries have stopped indexing their currencies to the dollar, but without challenging its status as the global reserve currency.
U$, why don't you also join BRICS?
Donald Trump has threatened tariffs against BRICS countries if they attempt to move away from the US dollar. Despite the bloc's growth, it lacks the economic integration to create an alternative currency. Members are looking to reduce their dollar exposure due to sanctions and trade restrictions. Trump's efforts might involve positioning the US within BRICS to maintain influence.
India's 'friend' Trump keeps the country guessing
US President-elect Donald Trump¡¯s social media posts have caused market fluctuations in the past. While Trump has shown unpredictability in his policies, he has been relatively friendly towards India. However, his recent tariff threats and warnings to BRICS nations about moving away from the US dollar create economic uncertainties for India.
Commerce ministry reviewing India-US trade relations amid Trump statements
The commerce ministry is reviewing India-US trade relations in response to comments by US President-elect Donald Trump. Trump's statements have implications for trade dynamics between the nations. India's trade with the US has grown significantly over the years, and the country's exports and imports to the US have been on an upward trend.
Trump's 100 per cent tariff threat on BRICS: Need to see if US law permits sanctions, says Ex-RBI Guv
President-elect Donald Trump's warning about 100 per cent tariffs on BRICS countries moving away from the US dollar is critiqued by former RBI Governor Duvvuri Subbarao. He questions its feasibility, legality, and the possibility of BRICS achieving a common currency due to internal differences and economic challenges.
Trump¡¯s 100% tariff threat unrealistic, India must focus on local currency trading: GTRI
US President-elect Donald Trump's threat to impose 100% customs duties on BRICS countries if they replace the US dollar is deemed unrealistic by think tank GTRI. They suggest India should focus on developing a local currency trading system. Such tariffs would harm American consumers, disrupt global trade, and provoke retaliation from trading partners.
Crucial to rely on trusted partners in turbulent times: French trade minister on ties with India
In these turbulent times, India and France are looking to ramp up economic ties, focusing on sectors like aeronautics, transport, energy, and tech. French Foreign Trade Minister Sophie Primas highlighted significant potential for growth, emphasizing trusted partnerships, and ongoing negotiations for a mutually beneficial EU-India free trade deal.
Thought Jamie Dimon endorsed Harris? Sources say JP Morgan CEO has been secretly working on Trump's economic plans
Recent reports are claiming that Jamie Dimon, the CEO of JP Morgan, who was thought to be endorsing Kamala Harris for the US Presidential Elections, is secretly engaging with the upcoming Donald Trump government regarding the economic policy.
Canada is already examining tariffs on certain US items following Trump's tariff threat
Canadian Prime Minister Justin Trudeau and provincial premiers convened to address President-elect Trump's tariff threat. Trump announced a potential 25% tariff on Canadian and Mexican imports, citing concerns over drug trafficking and migration. Finance Minister Chrystia Freeland emphasized a unified Canadian response, stating their commitment to a strategic and robust approach against this economic challenge.
Canadian PM Justin Trudeau in Florida to meet Donald Trump as tariff threats loom
Canadian Prime Minister Justin Trudeau landed in Florida to meet US President-elect Donald Trump at Mar-a-Lago. This visit follows Trump's threats of import tariffs on Canada. More than three-quarters of Canadian exports go to the United States, and nearly two million Canadian jobs are reliant on trade. Trudeau's public safety minister accompanied him on the trip.
WTO chief Ngozi Okonjo-Iweala reappointed as Trump threat looms
Ngozi Okonjo-Iweala has been reappointed for a second term as the head of the World Trade Organization (WTO), with the 70-year-old Nigerian economist being the only candidate in the race. Her reappointment, which was approved by consensus by the WTO's 166 member countries, comes amid growing concerns over the return of Donald Trump and his antagonistic stance towards international trade rules.
China criticises Trump tariff threat, says it won't solve America's problems
China criticized U.S. President-elect Donald Trump's plan to impose tariffs on Chinese goods in response to fentanyl trafficking, saying it unfairly blames China for America's opioid crisis. Trump proposed a 10% tariff and hinted at higher rates during his campaign, sparking fears of a prolonged trade war.
The lesser-known tale of India's trade with two giants: US and China
India's trade with the US and China reached nearly $120 billion each in fiscal 2024. Trade with the US yielded a $35.3 billion surplus. Trade with China resulted in an $85.1 billion deficit. Exports to the US diversified, while exports to China stagnated. India aims to boost domestic manufacturing and reduce import reliance.
Trump¡¯s trump card can actually aid India¡¯s growth
US tariff hikes could benefit India. A weaker rupee will shield against Chinese imports and attract foreign investors. India's robust economy will help the rupee rebound. This will offer investors a stable exit. Indian exporters may gain US market share from China. Boosting domestic demand is key for India's continued growth.
Trump¡¯s trade chief advocates ¡®strategic decoupling¡¯ from China
President-elect Trump's trade nominee, Jamieson Greer recommends protecting US companies from Chinese retaliation and expanding export controls on critical industries.
China has a new playbook to counter Trump: Supply chain warfare
American drone maker Skydio, a key supplier to the U.S. military, faced a major setback when Chinese sanctions cut off its battery supply. This action, occurring just before the U.S. presidential election, highlighted China's willingness to retaliate against American companies. China's increasing use of economic leverage signals a potential escalation in trade tensions with the incoming U.S.
How many assumptions on Trump 2.0 from a market standpoint are real? Nilesh Shah explains
Nilesh Shah emphasizes the need to present a comprehensive trade picture to President Trump, highlighting India's openness to American tech companies, substantial spending by Indian students and tourists in the US, and the comparatively smaller trade deficit. He suggests leveraging America's focus on China's large trade surplus to maintain favorable tariff terms for India.
How Trump's proposed tariffs might affect commodities and energy
President-elect Trump proposed tariffs on Canada, Mexico, and China, impacting oil, gas, agriculture, and manufacturing. The U.S. significantly relies on these countries for energy and agricultural imports, potentially increasing fuel and food costs. Key imports include Canadian oil and gas, Mexican produce, and potash.
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