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India-Russia-China Alliance: A Potential Threat to USD Dominance
India-Russia-China Alliance: A Potential Threat to USD Dominance
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BTCCSquare news:
The Shanghai Cooperation Organisation Summit in Tianjin showcased a unified front between India, Russia, and China, signaling a potential shift in global trade dynamics. This resurgence of the RIC (Russia-India-China) talks could challenge the US dollar's hegemony, particularly as BRICS nations push for local currency trade through initiatives like BRICS Pay.
While India maintains it has no immediate plans to dethrone the dollar, President Trump's tariffs may accelerate de-dollarization efforts. The geopolitical realignment underscores how economic policies can inadvertently weaken the very dominance they seek to protect.
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