Trump Issues Ultimatum to BRICS Nations on Dollar Dependence
President-elect Donald Trump has issued a bold ultimatum to the BRICS nations, threatening to impose a staggering 100% tariff on their exports to the United States if they attempt to create a new currency or move away from using the U.S. dollar. His comments, made via a post on Truth Social, come amid a growing conversation among BRICS—comprising Brazil, Russia, India, China, South Africa, and recently added members Iran, Saudi Arabia, the UAE, Ethiopia, and Egypt—about reducing reliance on the dollar, particularly in the wake of Western economic sanctions.
Trump’s warning reflects a tense geopolitical climate where BRICS nations are increasingly pushing against U.S. financial dominance. Brazilian President Lula da Silva has suggested forming a common currency for South America, further highlighting the bloc’s aspirations for economic autonomy. Trump stated, “The idea that the BRICS countries are trying to move away from the dollar while we stand by and watch is OVER,” underscoring his administration’s intent to maintain the dollar’s status as the primary global reserve currency.
This tariff threat aligns with Trump’s broader economic strategy, which includes raising tariffs on imports from traditional trading partners such as Mexico, Canada, and China, aimed at addressing issues like illegal immigration and drug trafficking. As the BRICS coalition seeks to forge closer ties and assert its influence, the potential for a trade conflict looms large, promising substantial implications for global trade dynamics.
Trump’s stance not only emphasizes the fragile balance of power in international trade but also signifies a critical juncture as both established and emerging economies navigate their relationships in an increasingly multipolar world. The next few months are poised to be pivotal in determining how these tensions evolve and impact global economic structures.
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Trump threatens 100% tariff on BRICS countries if they pursue creating new currency | CNN Politics
**Trump's Bold Confrontation with BRICS: A 100% Tariff Threat if New Currency is Created**In a significant development in international economic relat
www.cnn.com
Trump threatens Brics nations with 100% tariffs if they undermine dollar
Warning against pushing alternatives to reserve currency is latest trade threat from incoming president
www.ft.comTrump is now threatening 100% tariffs on the BRICS group — which comprises 9 emerging market countries
After floating 25% tariffs on Canada, China, and Mexico shortly before Thanksgiving, President-elect Trump is now targeting the BRICS nations.
www.businessinsider.com
Trump demands ‘commitment’ from BRICS nations on using dollar
Backlash against the dollar’s dominance gained traction in 2022 when the U.S. led efforts to impose economic sanctions on Russia.
www.japantimes.co.jp
Donald Trump Threatens BRICS Countries—Including Russia, India—With 100% Tariffs
The proposed tariffs would remain until those nations commit to not backing a new currency to replace the dollar, Trump said.
www.forbes.com