Immediately after winning the U.S. General Election, Donald Trump announced he would put 100 percent tariffs on all goods coming from the BRICS nations if they continued their de-dollarization agenda. This seemed to give BRICS, especially China and India, a major shock.
Geopolitical Economy Report Big Tech oligarchs in Silicon Valley fear competition from Chinese AI companies like DeepSeek, so they're working with the US government to cut off competitors. Billionaire Donald Trump backer Peter Thiel admits they want monopolies, arguing "competition is for losers". Ben Norton explains.
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