Reason Behind Increased Tariffs
As you know, in 2025 President Donald Trump increased tariffs on some Asian countries. As a result, our relations with India got weaker because of the huge tariff on India by the USA. Trump increased tariff on India because he didn’t want India to deal with Russia for his oil supply, but India refused his proposal and continued dealing with Russia. After this, President Trump increased tariff on India.
A Reunion After Tariffs
After all this, India ties up with its neighbor and also enemy country, China. Russia and other Asian countries also joined the conference in China, and in this conference, they decided to release their new currency by which they can deal globally without the use of the USA dollar.
New Currency After Tariffs
The name of this new currency is a mix-up of the names of 5 countries. The name of this currency is BRICS (Brazil, Russia, India, China, and South Africa). This currency helps Asian countries to deal globally without the use of the USA dollar.
Please Read Our Latest Post On Our Website, NewsNationX.
Leave a Reply