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WEST PALM BEACH, Fla. AP 鈥?President-elect Donald Trump on Saturday threatened 100 percent ta
stanley cup riffs against a bloc of nine nations if they act to undermine the U.S. dollar.His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.READ MORE: Trumps tariffs could speed up Chinas shift to new markets and offshore factoriesTurkey, Azerbaijan and Malaysia have applied to become members and several other countries have expressed interest in joining.While the U.S. dollar is by far the most-used currency in global business and has survived past challenges to its preeminence, members of the alliance and other developing nations say they are fed up with Americas聽dominance of the global finan
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stanley cup r represents roughly 58 percent of the worlds foreign exchange reserves, according to the IMF聽and major commodities like oil are still primarily bought and sold using dollars. The dollar dominance is threatened, however, with BRICS ; growing share of GDP and the alliance intent to trade in non-dollar currencies 鈥?a process known as de-dollarization.Trump, in a Truth Social post, said: We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100 percent Tariffs, and should expect to say goodbye to selling into the wo Lxgk Barghouti Drops Out of Palestinian Leadership Race
LONDON 鈥?Britain ambassador to the United States resigned Wednesday after being made a diplomatic nobody by President Donald T
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jordan of the envoy unflattering opinions about the U.S. administration.Veteran diplomat Kim Darroch said he could no longer do his job in Washington after Trump branded him a fool and cut off all contact with the representative of one of the U.S. closest allies.The break in relations followed a British newspaper publication Sunday of leaked documents that revealed the ambassador di
stanley cup m view of Trump administration, which Darroch described as dysfunctional, inept and chaotic.The current situation is making it impossible for me to carry out my role as I would like, Darroch said in his resignation letter.In the leaked documents, he called the Trump administration policy toward Iran incoherent, said the president might be indebted to dodgy Russians and raised doubts about whether the White House will ever look competent.We don ;t really believe this administration is going to become substantially more normal; less dysfunctional; less unpredictable; less faction riven; less diplomatically clumsy and inept, one missive said.Prime Minister Theresa May and other British politicians have praised Darroch and condemned the leak in recent days. Some also accused Boris Johnson, who is likely to be picked as Britain ;