Key Takeaways
- US President Donald Trump threatens to impose 100% tariffs on BRICS countries if they create a new currency.
- BRICS countries will face severe economic consequences if they try to replace the US dollar in international trade.
- The US dollar remains the dominant currency in international trade, according to US President Donald Trump.
Washington: US President Donald Trump said he will impose 100% tariffs on BRICS countries if they create a new currency.
“The idea that the BRICS Countries are trying to move away from the Dollar, while we stand by and watch, is OVER. 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,” Trump said on Truth Social.
He said there is no chance that the US dollar could be replaced in international trade.
“They can go find another sucker Nation. There is no chance that BRICS will replace the U.S. Dollar in International Trade, or anywhere else, and any Country that tries should say hello to Tariffs, and goodbye to America!” Trump wrote.
