Articles for tag: economic impact, global trade, tariff war

Rajiv Sharma

Business
Trump's Stubbornness Could Drive the World into Recession: The 95-Year-Old Haunting Tale of the Smoot-Hawley Tariff

Trump’s Stubbornness Could Drive the World into Recession: The 95-Year-Old Haunting Tale of the Smoot-Hawley Tariff

The ongoing tariff war initiated by former President Donald Trump has sent shockwaves through global markets, reminiscent of the turbulent economic climate of the 1930s during the Great Depression. Trump’s steadfast belief in tariffs as a necessary remedy for the nation’s economic issues parallels the actions taken by President Herbert Hoover, who also resorted to ...

Rajiv Sharma

Business
Dollar dominance will decrease as BRICS emphasizes de-dollarization

Dollar dominance will decrease as BRICS emphasizes de-dollarization

The BRICS nations, which include Brazil, Russia, India, China, and South Africa, are increasingly becoming pivotal players on the global economic stage. As countries like the United States and various European nations rely on these emerging economies for a variety of goods, there is a growing movement within BRICS to promote trade in their local ...