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500% Tariffs on BRICS: Market Impact
The United States imposed 500% tariffs on BRICS countries (Brazil, Russia, India, China, and South Africa), raising fears of a global trade war. Stock markets crashed as investors braced for retaliation and severe supply chain disruptions.
Immediate impacts:
U.S., Europe, and BRICS stocks plummet sharply.
Oil, gold, and commodities rise.
Emerging market currencies weaken; the dollar strengthens.
Long-term risks:
Immediate impacts:
U.S., Europe, and BRICS stocks plummet sharply.
Oil, gold, and commodities rise.
Emerging market currencies weaken; the dollar strengthens.
Long-term risks:
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