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Showing posts with the label trade war

Apple to Source all US iPhones from India, Pivots Away from China

Apple says that it plans to begin sourcing all US iPhones from India, pivoting away from previously sourcing them from China. According to a Financial Times report, the tech giant aims to make the shift as soon as next year. Apple plans to move production of all US-sold iPhones from China to India by 2026. pic.twitter.com/J8H7bxZmiX — Watcher.Guru (@WatcherGuru) April 25, 2025 With global tensions only increasing and a trade war with China seeming unavoidable, top US companies are looking to navigate the rough waters. Among them is Apple, which was one of the hardest hit by the tariff threats from the US against Asian nations like China and Taiwan. Recently, the iPhone developer made the news after flying millions of iPhones into the US to avoid tariffs. The company has been making many moves to avoid future tariff threats, with this latest one looking to cut its ties with China, which has the highest US tariffs levied against it. Apple to Shift All US iPhone Development Out of China ...

Canada Files to Sell US Dollar Bonds

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Although the tensions between the two North American nations have been tested since the start of 2025, Canada has filed to sell US dollar bongs. Indeed, the country issued a press release this week announcing the launch of USD-denominated global bonds on Tuesday. The move is connected to the country’s “commitment to maintain liquid foreign reserves or above 3% of nominal gross domestic product,” according to a statement. Moreover, it comes as US President Donald Trump paused tariffs through a trade deal signed late last week. JUST IN: Canada files to sell US Dollar bonds. — Watcher.Guru (@WatcherGuru) March 11, 2025 Also Read: Trump Advances to Uproot the De-Dollarization Agenda Canada to Issue US Dollar Bonds Amid Brewing Trade War Since his return to the White House, US President Donald Trump has formed a rather contentious relationship with his allies to the North. His integration of aggressive economic policy saw the administration welcome tariffs on the continen...

BRICS: US Dollar Falls for 3rd Straight Week From Trump Tariffs

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With a trade war brewing with the BRICS alliance, the US dollar has fallen for the 3rd straight week amid the ongoing Trump tariffs. Indeed, the country is beginning to see the effects of the ongoing import taxes as the currency struggled to end the week yet again. All eyes are on how the global economy will react to the increased global tensions. Friday saw US President Donald Trump restate his threat towards the economic alliance. This time, he warned of 150% tariffs, as he further claimed that the bloc “broke up” amid the warning. Source: OilPrice Also Read: BRICS Make Major Announcement on US Dollar Amid Trump Tariffs US Dollar Takes a Hit as Trump Tariff Hurts More Than Just BRICS There have been growing concerns over US President Donald Trump’s economic policy. The aggressive nature of the plans has many worrying that it will only fast-track further de-dollarization. Indeed, what drove the nation to move away from the greenback, to begin with, was the weaponizati...

De-Dollarization: 5 ASEAN Nations On Verge Of Dumping The US Dollar  

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The ASEAN bloc has always portrayed its stance as nations that have long been fighting for a multipolar currency order. These nations have long entertained the idea of ending their reliance on the US dollar due to its constant weaponization and price volatility. That being said, with Donald Trump initiating an aggressive tariff regimen for all global nations to comply with, the de-dollarization narrative is once again gaining steam. Will it end up alienating the US dollar? Let’s find out. Also Read: How High Can Solana (SOL) Surge If An ETF Is Approved? ASEAN X De-Dollarization: Is The Concept Gaining Momentum Again? Source: Watcher Guru Donald Trump has assumed the reins of the White House this January. His strong personality and commitment are now posing new challenges for the global trade order. In efforts to make the US economy robust again, Trump has dropped his new tariff regime. This includes a list of tariff impositions that the nations will have to agree to in order to co...

De-Dollarization: Donald Trump Gives Strategies To Save the US Dollar

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The United States is slowly losing its hold as several countries have united to bring down the dollar. The BRICS bloc, consisting of Brazil, Russia, China, India, and South Africa, has been making strides with regard to de-dollarization. Thanks to China and Russia, over 90% of their bilateral commerce has been de-dollarized. Also Read: Top 3 Cryptocurrencies That Could Make You A Millionaire by 2030 The Impact Of De-Dollarization And Trump’s Response Source – International Affairs Journal It should be noted that several countries are trying to evade the sanctions imposed by the United States. Severe economic sanctions were placed on Russia in February 2022 after the crisis in Ukraine escalated. Since being cut off from the Western banking system, Russia has sought alternate trading channels, which has led some of its foreign allies to contemplate taking similar actions. This has been a big boost for de-dollarization. Economic Sanctions And Their Role In De-Dollarization Amidst thi...