Market
Which country will Trump mistakenly label as a BRICS member next by June 30, 2025?
4
Resolution / Starting Odds
Germany • 25%
France • 25%
Italy • 25%
Spain • 25%
Official statements or reports from the White House or media
Story
Trump Mistakenly Labels Spain as BRICS Member, Threatens 100% Tariffs on BRICS
Jan 21, 2025, 06:45 AM
U.S. President Donald Trump mistakenly referred to Spain as a member of the BRICS group during a press interaction in the Oval Office. The BRICS acronym represents Brazil, Russia, India, China, and South Africa, a coalition of emerging economies, and Spain is not part of this group. Trump's error occurred while discussing NATO defense spending, where he criticized Spain's low contribution. He threatened to impose a 100% tariff on business transactions between the U.S. and BRICS countries if they continue efforts to de-dollarize. This statement follows previous threats made by Trump in November regarding the potential creation of a BRICS currency alternative to the U.S. dollar.
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