Trump Warns BRICS and Threatens "100% Tariffs" if They Attempt to Replace the US Dollar

President Trump Issues Strong Statement Against BRICS Currency Plans, Vows Economic Retaliation

President Donald Trump warns BRICS nations of 100% tariffs if they attempt to replace the US dollar in global trade (Image credit reuters)

In a recent statement, President Donald Trump issued a stern warning to the BRICS nations—Brazil, Russia, India, China, and South Africa—regarding their efforts to diminish reliance on the U.S. dollar. He threatened to impose 100% tariffs on these countries if they attempt to establish a new currency to replace the U.S. dollar in international trade.

On his Truth Social platform, President Trump declared, "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. 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!"

This statement underscores the administration's commitment to maintaining the U.S. dollar's dominance in global trade and finance. The BRICS nations have been exploring alternatives to reduce their dependence on the dollar, a move that has raised concerns in Washington.

The potential imposition of 100% tariffs signifies a significant escalation in trade tensions between the U.S. and the BRICS countries. Such tariffs could have substantial economic implications, potentially disrupting global supply chains and affecting international markets.

Analysts note that while the BRICS nations have been discussing the creation of a new currency, the feasibility and timeline of such an initiative remain uncertain. The U.S. dollar continues to play a central role in international trade, and any attempts to replace it would face considerable challenges.

The administration's firm stance reflects its broader "America First" policy, emphasizing the protection of U.S. economic interests and the preservation of the dollar's status as the world's primary reserve currency.

As the situation develops, it remains to be seen how the BRICS nations will respond to President Trump's ultimatum and what impact this will have on international economic relations.