President-elect Donald Trump has issued a stark warning to the BRICS nations, threatening a 100% tariff on their exports to the United States if they pursue plans to create a new currency. This bold move targets the bloc of emerging economies, comprising Brazil, Russia, India, China, and South Africa, alongside recently added members such as Saudi Arabia, the UAE, Egypt, Ethiopia, and Iran. Trump's statement, shared via Truth Social, highlighted his concerns over attempts to undermine the dominance of the US dollar in global trade.
Trump declared, "The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER. 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 U.S. Dollar, or they will face 100% Tariffs."
