President Donald Trump on Thursday repeated a warning that he will impose 100 percent tariffs on members of the BRICS economic bloc if they attempt to replace the U.S. dollar as a reserve currency.
“The idea that the BRICS Countries are trying to move away from the Dollar, while we stand by and watch, is OVER,” Trump said in a statement on Truth Social. “We are going to require a commitment from these seemingly hostile 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, and should expect to say goodbye to selling into the wonderful U.S. Economy.”
