BRICS: US Risks Losing $7.5 Trillion Worth of Asian Assets
The BRICS alliance and all Asian countries combined have an investment worth $7.5 trillion in US assets, including bonds. For decades, the global financial gameplay was simple and very easy to understand. Asia had an effortless strategy where they sold goods to the US, and in return, invested the proceeds into American financial assets. Things are now changing under the Trump administration after the US President mended the smooth flow of global trade. Also Read: BRICS: Tanzania Issues Major Update on US Dollar Ban The tariffs and trade wars have rubbed emerging economies the wrong way and things could turn worse if BRICS and other Asian countries put their nations first and not depend on the US assets for financial benefits. The unwinding of the $7.5 trillion has already started on a smaller scale, said some of the world’s biggest money managers to Bloomberg. The money managers revealed that if the US fails to stop the outflow, the future would be bleak. BRICS: $7.5 Trillion Asian Ass...