World
Trump repeats tariffs threat to dissuade BRICS nations from replacing US dollar
President Donald Trump on Thursday warned off BRICS member countries from replacing the U.S. dollar as a reserve currency by repeating a 100%-tariffs threat he had made weeks after winning the November presidential elections.
“We are going to require a commitment from these seemingly hostile Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs,” Trump said on Truth Social in a statement nearly identical to one he posted on Nov. 30, Reuters reported.
At the time, Russia said that any U.S. attempt to compel countries to use the dollar would backfire.
The BRICS grouping includes Brazil, Russia, India, China, and South Africa and a few other countries that joined in the past couple of year. The grouping does not have a common currency, but long-running discussions on the subject have gained some momentum after the West imposed sanctions on Russia over the war in Ukraine.
“There is no chance that BRICS will replace the U.S. Dollar in International Trade, or anywhere else, and any Country that tries should say hello to Tariffs, and goodbye to America!,” he said.
Trump posted his warning to the BRICS as Canada and Mexico await for his decision to follow through on a pledge to impose 25% tariffs on the United States’ North American trading partner from Feb. 1.
Trump wants to use tariffs as a tool to get Mexico and Canada to help stem the flow of illegal drugs into the United States, particularly the deadly opioid fentanyl, and also migrants crossing illegally into the U.S.
Dollar dominance — the outsized role of the U.S. dollar in the world economy — has strengthened of late, thanks to the robust U.S. economy, tighter monetary policy and heightened geopolitical risks, even as economic fragmentation has boosted a push by BRICS countries to shift away from the dollar into other currencies.
A study by the Atlantic Council’s GeoEconomics Center last year showed that the U.S. dollar remains the world’s primary reserve currency, and neither the euro nor the so-called BRICS countries have been able to reduce global reliance on the dollar.
The acronym BRIC, which did not initially include South Africa, was coined in 2001 by then Goldman Sachs chief economist Jim O’Neill in a research paper that underlined the growth potential of Brazil, Russia, India and China.
The bloc was founded as an informal club in 2009 to provide a platform for its members to challenge a world order dominated by the United States and its Western allies. South Africa was the first beneficiary of an expansion of the bloc in 2010 when the grouping became known as BRICS.
The group added Egypt, Ethiopia, Iran and the United Arab Emirates in 2023, and Indonesia became member earlier this month.
World
Police hunt for gunman who killed 2 Brown University students, injured 9 people
Police in Rhode Island were searching for a suspect late on Saturday after a shooting at Brown University in Providence left two students dead and eight others critically wounded at the Ivy League school, officials said. A ninth person was hurt by bullet fragments, the mayor said.
Streets around campus remained blocked and packed with emergency vehicles hours after the shooting and law enforcement officials heightened security around the city as police continued their manhunt, Reuters reported.
“The individual responsible is still at large,” Mayor Brett Smiley told reporters at a 9:30 p.m. (0230 GMT) press conference. Deputy Police Chief Timothy O’Hara said the suspect had not been identified.
Officials said they are looking for a male dressed in black and were releasing a video of the suspect, who O’Hara said may have been wearing a mask. He said officials had retrieved shell casings from the scene of the shooting, but that police were not prepared to release details.
Officials said the gunman escaped after shooting students in Brown’s Barus & Holley engineering building, where exams were taking place at the time.
“We are a week and a half away from Christmas. And two people died today and another eight are in the hospital,” Smiley said earlier in the evening. “So please pray for those families.”
Brown is on College Hill in Providence, Rhode Island’s state capital. The university has hundreds of buildings, including lecture halls, laboratories and dormitories.
“This is the day one hopes never happens, and it has,” Brown’s president Christina Paxson told reporters, confirming all or nearly all of the victims were students.
As news of the shooting spread, the school told students to shelter in place.
Brown student Chiang-Heng Chien told local TV station WJAR he was working in a lab with three other students when he saw the text about the active shooter situation a block away. They waited under desks for about two hours, he said.
Rhode Island Governor Daniel McKee vowed that the shooter would be brought to justice. “We’re going to make sure that we catch the individual that brought so much suffering to so many people.”
The search for the suspect was hampered in part because downtown Providence was crowded with holiday shoppers and thousands of people attending concerts, local media said. Federal law enforcement and police from surrounding cities and towns were assisting in the search, officials said. According to local news reports, venues across the city were bringing in extra security.
President Donald Trump told reporters at the White House that he had been briefed on the situation, which he called “terrible.”
“All we can do right now is pray for the victims and for those that were very badly hurt.”
Compared to many countries, mass shootings in schools, workplaces, and places of worship are more common in the U.S., which has some of the most permissive gun laws in the developed world. The Gun Violence Archive, which defines mass shootings as any incident in which four or more victims have been shot, has counted 389 of them this year in the U.S., including at least six such shootings at schools.
Last year the U.S. had more than 500 mass shootings, according to the archive.
World
Venezuela-US tensions spike in wake of seized tanker as Nobel winner vows change
Venezuelan opposition leader Maria Corina Machado on Friday promised political change after slipping out of the country in secret to collect the Nobel Peace Prize, as the shock waves intensified from the Trump administration’s seizure of an oil tanker earlier this week.
That escalation came on the heels of a large-scale U.S. military buildup in the southern Caribbean as President Donald Trump campaigns to oust Venezuelan leader Nicolas Maduro, pushing relations to their most volatile point in years, Reuters reported.
The effects could ripple through the region, with Venezuelan oil exports falling sharply and crisis-stricken Cuba, already straining to power its grid, at risk of losing supply.
The U.S. seizure of the Skipper tanker off Venezuela’s coast on Wednesday marked the first U.S. capture of Venezuelan oil cargo since sanctions were imposed in 2019.
The vessel is now heading to Houston, where it will offload its cargo onto smaller ships, Reuters reported.
The Trump administration does not recognize Maduro, in power since 2013, as Venezuela’s legitimate leader.
Washington has signalled more seizures are planned as part of efforts to choke off sanctioned oil flows, and subsequently imposed new sanctions on three nephews of Maduro’s wife and six tankers linked to them.
The U.S. military presence in the Caribbean has grown as Trump in recent weeks has discussed potential military intervention in Venezuela, based on accusations that the country ships narcotics to the United States. The Venezuelan government has denied the accusations.
So far there have been over 20 U.S. military strikes in the Caribbean and Pacific against suspected drug vessels this year, in which nearly 90 people have been killed, alarming human rights advocates and stirring debate among U.S. lawmakers.
While many Republicans have backed the campaign, Democrats have questioned whether the campaign is illegal and urged more transparency, including the release of a full, unedited video, opens new tab of strikes on a suspected drug-trafficking boat.
MACHADO DEFIES BAN, URGES TRANSITION
Machado defied a decade-long travel ban and a period in hiding to travel to Oslo on Thursday, noting that she would soon bring the Nobel Peace Prize back home to Venezuela.
She said Maduro would leave power “whether there is a negotiated changeover or not,” vowed she is focused on a peaceful transition, and thanked Trump for his “decisive support.”
Machado is aligned with U.S. hardliners who accuse Maduro of ties to criminal networks – claims that U.S. intelligence has reportedly questioned.
When asked at a press conference in Oslo if she believed U.S. intervention was needed in Venezuela, Machado replied, “We are asking the world to help us.”
Venezuela condemned the tanker seizure as “blatant theft” and “international piracy,” saying it would file complaints with international bodies.
At the same time, Venezuelan lawmakers took a step to withdraw the country from the International Criminal Court, which is currently investigating alleged human rights abuses in the South American country.
Adding to the friction, the Venezuelan government announced the suspension of a U.S. migrant repatriation flight on Friday. A U.S. official countered that deportation flights would continue.
World
Putin arrives in Ashgabat to hold series of meetings
Russian President Vladimir Putin has arrived in Turkmenistan’s capital for a two-day visit.
According to TASS, the presidential aircraft of the Rossiya Special Flight Detachment landed near the presidential terminal of Ashgabat International Airport, commonly referred to as the “small bird” for its distinctive design.
During his visit, Putin will attend an international forum titled “Peace and Trust: Unity of Goals for a Sustainable Future” and hold several bilateral meetings.
The Kremlin has confirmed talks with Turkish President Recep Tayyip Erdogan, while the Iranian Embassy has announced that a meeting with President Masoud Pezeshkian is also planned.
The Ashgabat forum will also be attended by Turkmen President Serdar Berdymukhamedov, along with the presidents of Armenia, Iraq, Kazakhstan, Kyrgyzstan, Uzbekistan and Tajikistan, as well as the prime ministers of Azerbaijan, Hungary, Georgia and Pakistan.
-
Latest News3 days agoMuttaqi: Afghanistan’s progress requires both religious and modern education
-
Sport5 days agoILT20: Desert Vipers edge Gulf Giants in historic super over thriller
-
Business5 days agoTrade bodies warn almost 11,000 Afghan transit containers stuck at Karachi port
-
Latest News4 days agoTrump calls Afghanistan a ‘hellhole’ country as US expands immigration restrictions
-
Latest News2 days agoDual-citizen Afghans don’t need a visa to enter the country: Foreign Ministry
-
Sport4 days agoCommanding wins for Arman FC and Sarsabz Yashlar in Afghanistan Champions League
-
Sport5 days agoACL: Aino Mina 1–0 Jawanan Perozi; Abu Muslim Farah 2–1 Khurasan Faryab
-
Latest News5 days agoAfghan higher education minister seeks expanded academic ties with Iran
