Official announcements from the BRICS group or reports from reputable news agencies

President-elect Trump Threatens 100% Tariffs on BRICS Nations Unless They Abandon New Currency Plans

Nov 30, 2024, 07:47 PM

President-elect Donald Trump has threatened to impose 100% tariffs on BRICS nations if they attempt to create a new currency to replace or undermine the US dollar. Trump emphasized that the era of BRICS countries moving away from the dollar "is over" and demanded a commitment from these nations to neither create a new BRICS currency nor support any other currency that could supplant the US dollar. "They will face 100% tariffs and should expect to say goodbye to selling into the wonderful US economy," Trump stated, adding that any country that tries should "wave goodbye to America." He expressed confidence that there is "no chance that the BRICS will replace the US dollar in international trade" and warned that those nations should "find another sucker." The BRICS group, comprising Brazil, Russia, India, China, and South Africa, has been exploring ways to reduce dependence on the US dollar in international trade.