Trump Threatens 100% Tariffs on BRICS Nations

President-elect Donald Trump has issued a stern warning to the BRICS alliance, threatening 100% tariffs if they attempt to create or support a currency that could replace the US dollar. This announcement underscores rising tensions as BRICS nations, including Brazil, Russia, India, China, and South Africa, seek to challenge the dollar's dominance in global trade. Trump insisted that these countries must commit to not undermining the dollar or risk severe economic consequences, including losing access to the US market. He dismissed the likelihood of BRICS successfully replacing the dollar, asserting that such a move would lead to dire repercussions for any nation involved. Russian President Vladimir Putin has previously criticized the US for 'weaponizing' the dollar, highlighting the growing division in the global financial system. The BRICS nations are increasingly exploring alternatives to reduce their dependency on the US dollar, which has sparked a significant geopolitical debate.