Trump Threatens Tariffs Over BRICS Currency Plans

US President Donald Trump has reiterated his threat to impose 100% tariffs on BRICS nations if they attempt to create a new currency to replace the US dollar. This threat underscores Trump's stance that the BRICS countries, comprising Brazil, Russia, India, China, and South Africa, should not move away from the dollar. Russia has been pushing for a new currency within BRICS to lessen reliance on the dollar, but there is no consensus among BRICS members, with China cautious and India prioritizing its trade relations with the US. Despite Trump's threats, Russia argues that US pressure might accelerate the trend towards using national currencies, while China promises to continue cooperation within BRICS. Trump's tariff threats align with his broader strategy to use tariffs to support the US economy and address trade imbalances with other countries.