The BRICS nations will be hit with 100% tariffs on their goods if they try to introduce a reserve currency to rival the dollar, US President-elect Donald Trump has warned. Trump has repeatedly threatened to use tariffs to achieve his geopolitical goals.
”The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,”Trump wrote on his Truth Social platform on Saturday.
Trump went on to say that he would ask the BRICS nations to promise not to create a common currency, “nor back any other currency to replace the mighty US dollar,” or they will face 100% tariffs.
”They can go find another ‘sucker!’” he continued. “There is no chance that the BRICS will replace the US Dollar in International Trade, and any Country that tries should wave goodbye to America.”