Trump Threatens 100% Tariffs on BRICS Nations

President-elect Donald Trump has issued a stark warning to BRICS nations, threatening 100% tariffs if they attempt to undermine the U.S. dollar by creating a new currency or supporting alternatives. His message, shared on Truth Social, demands a commitment from these countries, which include Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the UAE, not to pursue such actions. Trump argues that the U.S. will not tolerate any moves away from its currency dominance, stating, 'There is no chance that the BRICS will replace the U.S. Dollar in International Trade.' This comes amid a broader sentiment among BRICS nations expressing discontent with U.S. financial hegemony, with Russian President Putin previously criticizing the 'weaponization' of the dollar. Trump's threats echo earlier discussions about potential sanctions against nations not using the dollar in trade, highlighting a growing tension in international economic relations.