US President-elect Donald Trump has issued a stern ultimatum to BRICS nations, demanding they refrain from introducing a new currency or endorsing an alternative to the US dollar in international trade. He warned that failure to comply would result in imposing a 100% tariff on imports from these countries into the United States.
In a bold statement on his social media platform, Truth Social, Trump articulated his demand for an explicit commitment from BRICS countries Brazil, Russia, India, China, and South Africa.
Trump threatens Brics nations with 100% tariffs if they undermine dollar https://t.co/10JKKpabfg
— Financial Times (@FT) November 30, 2024Trump emphasized that these nations must neither initiate a new BRICS currency nor support any other currency that might threaten the dominance of the US dollar. “We require a commitment from these Countries that they will neither create a new BRICS Currency nor back any other Currency to replace the mighty US Dollar, or they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful US Economy,” Trump declared.
BREAKING: 🇺🇸 US President-elect Trump says BRICS countries will face 100% tariffs if they dare to create a new currency to replace "the mighty US dollar."
"They will face 100% tariffs, and should expect to say goodbye to selling into the wonderful US economy." pic.twitter.com/bPnamnVzha
— BRICS News (@BRICSinfo) November 30, 2024Trump’s post continued sharply, suggesting that any country attempting to undermine the US dollar’s pivotal role in global trade would effectively be ostracizing itself from the US market. “They can go find another ‘sucker’. There is no chance that the BRICS will replace the US Dollar in International Trade, and any Country that tries should wave goodbye to America,” he added.
This hardline stance marks a significant moment in Trump’s economic policy, which appears to be aimed at preserving the US dollar’s hegemony in international finance amid growing discussions among BRICS nations about reducing their reliance on the dollar. The threat of such high tariffs underscores the potential economic consequences for BRICS countries should they pursue financial policies contrary to US interests.
