Trump threatens 100% tariff to defend dollar’s global dominance: Implications for India and beyond

Donald Trump announced a plan to impose a 100% tariff on goods from countries that move away from using the US dollar in international trade. This strategy targets de-dollarization efforts by nations like China and India. The announcement comes as Trump campaigns against Kamala Harris, emphasizing economic nationalism and defending the dollar's global dominance.

Trump threatens 100% tariff to defend dollar’s global dominance: Implications for India and beyond

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Donald Trump announced a plan to impose a 100% tariff on goods from countries that move away from using the US dollar in international trade. This strategy targets de-dollarization efforts by nations like China and India. The announcement comes as Trump campaigns against Kamala Harris, emphasizing economic nationalism and defending the dollar's global dominance.