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BRICS: US Tariffs May Do More Harm Than Good, Data Shows
BRICS: US Tariffs May Do More Harm Than Good, Data Shows
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The BRICS economic alliance has emerged as a significant challenger to the United States, particularly under the presidency of Donald Trump. The US has threatened tariffs against the BRICS nations in response to their de-dollarization efforts. However, data suggests that such tariffs could have adverse effects on the US itself, potentially undermining the stability and prominence of the US dollar. This situation highlights the complex dynamics of global economic power and the potential consequences of tariff policies.
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