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India is rethinking its ties with the US and coddling up to China after Trump imposed 50% tariffs on trade. Many countries are scrambling for an answer on how to prioritize their economies and bow under pressure, bowing to Trump. Economist Jeffrey Sachs, a public policy analyst and professor at Columbia University, lent a word of caution to India, asking it to work closely with BRICS and not rely on the US. “Don’t trust America,” he said, during an interview with Business Today. Sachs explained that Trump made a mistake imposing 50% tariffs on India despite the country being a close ally. He stressed that India had gone out of its way to embrace the US dollar and rallied against the BRICS de-dollarization ideology despite being a member. Allies must not be treated this way, explained Sachs, highlighting Trump’s mismanagement. “Trump is not a very logical person and not a very strategic person, and so he does things impulsively,” he said. Also Read: ...

There is no denying the growing anti-US dollar sentiment globally. The de-dollarization movement has taken strong hold over the last decade. China, Russia, and Iran, among others, have spearheaded the move away from the greenback. Many believe moving away from the USD will reduce risks associated with the currency. However, this notion may not be aligned with the global economic state. Will Emerging Economies Suffer From De-Dollarization? Source: Watcher.Guru Moving away from the US dollar is another way of moving away from the United States. The world’s largest economy plays a vital role in global economics. American technology is a key component in not just the global balance, but also in people’s social lives. Most outlets, such as Google, YouTube, and Meta’s Instagram, Facebook, and WhatsApp, are US-based companies. Replicating these platforms is no easy task. Most emerging nations are heavily dependent on the US dollar. The greenback is used for trading commoditie...

The global stock markets majorly tanked on Monday losing funds worth trillions of dollars in a single trading session. Institutional funds pulled out from the equity markets as Trump’s tariffs went live on April 2, dubbed Liberation Day. Bitcoin crashed below the $76,000 mark and the dip pushed leading cryptocurrencies into the red. Ethereum, Ripple’s XRP, Cardano’s ADA, Solana, Dogecoin, and Shiba Inu fell double-digits in the charts in the day’s trade. Also Read: XRP vs Solana: 76% vs 11% Growth Potential – Which Crypto Wins in 2025? Source: Coingecko SHIB: What’s Happening With Shiba Inu Amid the Market Crash? Source: MoneyControl.com Shiba Inu is also dwindling in the charts and is down more than 10% in the day’s trade. Its price is hovering around the $0.00001086 mark and has entered the bearish territory. Traders fear taking an entry position now as the bottom could be more deep. Another leg-down from here could pull SHIB below the $0.00001 rang...