TRUMP RETURNS: IMPLICATIONS FOR THE INDIAN ECONOMY
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- TRUMP RETURNS: IMPLICATIONS FOR THE INDIAN ECONOMY
Donald Trump sworn in as the 47th president of the United States (US) once again, reflecting a President’s comeback after his previous loss of power, reinforcing his place within the Republican Party with a slogan “America First” policy, leaving the rest of the world a bit edgy.
The immediate declaration from the new US President is that he wants a clear stance regarding the dollar’s dominance. He made it clear that US would impose 100 per cent import tariffs on the BRICS countries if they took any steps towards cutting the use of the dollar in global trade. The BRICS nations include Brazil, Russia, China, South Africa and India.