Trump proposes tariffs on all Imports, Higher rates for China and India

Donald Trump`s plan to use tariffs to strengthen the US economy has sparked debate. He proposed imposing tariffs on all imports, with higher rates for countries like China and India. As President-elect, Trump warned China, India, and other BRICS nations (Brazil, Russia, India, China, South Africa) of a potential 100% tariff if they undermine the US dollar or try to replace it with another currency in international trade. His comments came after a BRICS meeting in October, where members discussed reducing reliance on the US dollar. This could trigger a second wave of trade wars once Trump takes office in January.