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President Donald Trump is busy imposing tariffs on nations. These tariffs have spurred global market instability, impacting the US markets negatively. This development has also compelled several nations to recoup and figure out a counterstrategy to continue working with the United States. At the same time, nations like China have counter-imposed tariffs on the US, sparking widespread trade war narratives. In its wake, a new development has caught pace, which is now impacting the US dollar, ushering in de-dollarization drives to take over the world. Will the dollar lose its status before Trump’s reign ends? Let’s find out. Also Read: De-Dollarization: Experts Predict Outcome Of Yuan Vs. US Dollar Trump Tariffs and De-Dollarization Source: Watcher Guru Trump continues to rake in headlines no matter what he does. For instance, the president has embroiled himself in an active trade war narrative by imposing strict tariffs on several nations. At the same time, Trump has recently ...

The US dollar started 2025 on the front foot and outperformed the local currencies of BRICS countries. The DXY index, which tracks the performance of the US dollar, shows the currency inching towards the 110 mark. The steep rise is adding pressure on local currencies, which have fallen to new yearly lows. As the US dollar outpaces BRICS’ local currencies, leading investment bank Goldman Sachs has warned that a major short-term correction for the stock market is on the cards. Also Read: More Than 20 Countries Apply To Join BRICS in 2025 BRICS: Prepare For a US Market Correction, Says Goldman Sachs Source: Reuters / Brendan McDermid Global investment bank Goldman Sachs predicts the US market should brace for a major downturn in 2025. The forecast from Goldman Sachs comes at a time when BRICS is looking to push the de-dollarization agenda worldwide. “While we expect equity markets to make further progress over the year as a whole — largely driven by earnings — they are increasingly v...