Market
How will BRIC nations respond to US tariff threats by June 30, 2025?
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Resolution / Starting Odds
Retaliatory tariffs • 25%
Diplomatic negotiations • 25%
No significant action • 25%
Other • 25%
Official statements or actions from BRIC governments or economic bodies
Story
Trump's Deportation Plans and 100% Tariff Threat on BRIC Nations Affect Migration, Trade
Dec 2, 2024, 08:14 PM
President-elect Donald Trump has announced plans for a mass deportation policy, prompting a shift in Mexican attitudes towards migration. Mexican views on the issue are hardening as Trump's administration prepares to implement stricter border policies. This has led to an increase in smuggling fees by Mexican cartels, who are anticipating a surge in demand for their services. Additionally, Trump has threatened to impose a 100% tariff on the BRIC bloc of nations—comprising Brazil, Russia, India, and China—if they attempt to undermine the US dollar. This tariff threat has caused the dollar to climb and has raised concerns about potential disruptions to global supply chains. The tariff uncertainty has also led to a rush among importers to frontload goods from China, Mexico, and Canada, boosting trade in late 2024, although there are risks of slowed demand in 2025. Experts in Texas have warned that Trump's tariff plan for Mexico could have detrimental effects on the state's economy.
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Proceed with new currency plans • 25%
Negotiate with the U.S. • 25%
No official response • 25%
Agree to not pursue new currency • 25%
No official response • 25%
Negotiate with the US • 25%
Proceed with de-dollarization • 25%
Seek alternative alliances • 25%
No retaliation • 25%
Trade tariffs on U.S. goods • 25%
Diplomatic sanctions • 25%
Currency devaluation • 25%
India • 20%
South Africa • 20%
Russia • 20%
Brazil • 20%
China • 20%
China • 25%
Russia • 25%
Brazil • 25%
India • 25%
No tariffs imposed • 25%
100% tariffs imposed • 25%
Partial tariffs imposed • 25%
Tariff threat retracted • 25%
China • 20%
Brazil • 20%
Russia • 20%
India • 20%
South Africa • 20%
China • 25%
Russia • 25%
Brazil • 25%
India • 25%
China • 20%
South Africa • 20%
Russia • 20%
Brazil • 20%
India • 20%
India • 20%
Brazil • 20%
Other • 20%
China • 20%
Russia • 20%