What are the key factors influencing Trump's threat of 100% tariffs on BRICS countries

Explore the considerations of ex-RBI governor regarding the feasibility of imposing 100% tariffs on BRICS nations by the U.S.
1. Trade imbalances: Trump may view BRICS countries (Brazil, Russia, India, China, South Africa) as having unfair trade practices that contribute to trade deficits with the U.S. 2. National security concerns: The U.S. government might see certain BRICS nations as strategic competitors or threats to national security. 3. Economic pressure tactics: Implementing 100% tariffs could be a negotiating tactic to extract concessions from BRICS countries in trade negotiations. 4. Political posturing: Trump may use threats of tariffs to appeal to his political base or to project a tough stance on international trade issues. Ex-RBI governor's considerations on feasibility: - Impact on global trade: Imposing such high tariffs could disrupt global trade flows and lead to retaliatory measures. - Economic repercussions: The ex-governor likely points out that such tariffs could harm the U.S. economy, disrupt supply chains, and trigger inflation. - Legal implications: The ex-governor might highlight the potential violation of international trade rules and agreements, inviting legal challenges and sanctions.
Answered 5 months ago
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