President-elect Donald Trump issued a warning to the BRICS nations—Brazil, Russia, India, China, and South Africa—over their reported plans to reduce reliance on the U.S. dollar.
Trump shared statement on Truth Social on Saturday, called for a formal commitment from these countries to abandon any efforts to create a BRICS currency or support an alternative to the dollar. He cautioned that failure to comply would result in severe economic consequences.
In his post, Trump vowed to impose 100% tariffs and bar non-compliant BRICS nations from accessing the U.S. market. “The idea that the BRICS countries are trying to move away from the Dollar while we stand by and watch is OVER,” Trump said.
He continued, “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. If they refuse, they will face 100% tariffs and should expect to say goodbye to selling into the wonderful U.S. economy.
They can go find another ‘sucker!’ There is no chance that the BRICS will replace the U.S. Dollar in International Trade, and any Country that tries should wave goodbye to America.”
Trump’s remarks signal