Loading...
Market
First BRICS nation to respond to Trump's tariff threat by Q1 2025?
2
Resolution / Starting Odds
Brazil • 20%
Russia • 20%
India • 20%
China • 20%
South Africa • 20%
Official statements from BRICS nations or coverage in major news outlets
Story
President-elect Trump Warns BRICS of 100% Tariffs over Currency Plans
Nov 30, 2024, 06:21 PM
President-elect Donald Trump has warned that BRICS nations—Brazil, Russia, India, China, and South Africa—will face 100% tariffs and restricted access to the US market if they attempt to create a new currency to replace the US dollar. In an announcement on Truth Social, Trump demanded a commitment from these countries that they will neither create a new BRICS currency nor support any other currency to supplant the US dollar, stating, "They can go find another 'sucker'." He emphasized, "There is no chance that the BRICS will replace the U.S. Dollar in international trade." Trump's hardline stance aims to prevent the de-dollarization efforts by the BRICS nations and uphold the dominance of the US dollar in global trade.
View original story
Similar markets
Brazil • 25%
Russia • 25%
India • 25%
China • 25%
Brazil • 20%
Russia • 20%
India • 20%
China • 20%
South Africa • 20%
Brazil • 20%
Russia • 20%
India • 20%
China • 20%
South Africa • 20%
Brazil • 25%
Russia • 25%
India • 25%
China • 25%
Brazil • 25%
Russia • 25%
India • 25%
China • 25%
Agree to not pursue new currency • 25%
Proceed with new currency plans • 25%
Negotiate with the U.S. • 25%
No official response • 25%
Negotiate with the US • 25%
Proceed with de-dollarization • 25%
Seek alternative alliances • 25%
No official response • 25%
Brazil • 25%
Russia • 25%
India • 25%
China • 25%
Brazil • 25%
Russia • 25%
India • 25%
China • 25%
Brazil • 20%
Russia • 20%
India • 20%
China • 20%
South Africa • 20%
Retaliatory tariffs • 25%
Diplomatic negotiations • 25%
No significant action • 25%
Other • 25%
Brazil • 20%
Russia • 20%
India • 20%
China • 20%
South Africa • 20%