President-elect Donald Trump warned that a 100% tariff would be imposed on BRICS members if the bloc attempts to replace the US dollar in international trade. He argued that BRICS countries are not capable of replacing the dollar and demanded they commit to not establishing a new currency or using foreign currencies as replacements.
Trump emphasized that any country attempting to replace the dollar would lose business opportunities with the US. This warning comes amid discussions within BRICS, which includes countries such as Brazil, Russia, India, China, and South Africa, about reducing dependence on the US dollar in international payments, especially following US sanctions on Russia.
