Former US President Donald Trump has strongly opposed efforts by BRICS nations to reduce their dependence on the US dollar in global trade. On Friday, he issued a stern warning, threatening to impose 100% tariffs on exports from BRICS countries if they attempt to introduce a new currency or shift away from the dollar.
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In a social media post, Trump declared that the US would no longer tolerate such moves, insisting that BRICS nations must continue using the dollar or face severe economic consequences. He warned that any country attempting to replace the US dollar in international trade would be met with tariffs and lose access to the American market.
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Trump’s statement closely resembles one he made on November 30, shortly after winning the 2024 election. His remarks come as BRICS nations—Brazil, Russia, India, China, and South Africa—continue efforts to decrease reliance on the dollar, particularly following Western sanctions on Russia. The group has since expanded to include Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates, further strengthening its economic influence.
