President-elect Donald Trump threatened to impose 100 percent tariffs on members of the BRICS economic bloc who move to adopt a new currency to compete with the U.S. dollar.
“The idea that the BRICS countries are trying to move away from the dollar while we stand by and watch is OVER,” Trump wrote in a Nov. 30 post on his Truth Social profile. “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, and should expect to say goodbye to selling into the wonderful U.S. economy.”
