AP: Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar
AP reports: President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations ...
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CNBC reports:
Chinese authorities are contending with a weakening yuan as global investment banks forecast the currency to hit record lows, in anticipation of U.S. president-elect Donald Trump following through with his tariff threats.
Major investment banks and research firms project offshore yuan to weaken to an average 7.51 per dollar through the end of 2025, according to CNBC’s calculation of forecasts from 13 institutions.
That would mark the currency’s weakest level on record, according to LSEG data going back to 2004…
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