“Say goodbye to America”: Trump threatens 100% tariffs on BRICS countries over plans to replace US dollar

File photo: US President-elect Donald Trump (Photo credit: AP)

US President-elect Donald Trump has issued a stern warning to BRICS countries and their allies, threatening to impose 100 percent tariffs if they continue with plans to introduce or support a currency that will replace the US dollar in international trade.
Trump’s statement was made Saturday on his social media platform Truth Social, aimed at the bloc’s ongoing efforts to challenge the dollar’s dominance.
Trump has demanded formal guarantees from the BRICS countries, which include Brazil, Russia, India, China and South Africa, as well as new members such as Iran, Egypt, Ethiopia and the United Arab Emirates.
He said: “We demand a commitment from these countries not to create a new BRICS currency or support any other currency to replace the mighty US dollar, or they will face 100 percent tariffs.”

He also warned that any such move would result in countries losing access to the US economy, saying: “They should expect to say goodbye to sales to the great US economy.”
Trump dismissed the possibility of the BRICS countries successfully challenging the dollar’s dominance, adding: “There is no chance that the BRICS countries will replace the US dollar in international trade, and any country that tries to do so should wave goodbye to America.”
The BRICS bloc is exploring ways to reduce dependence on the US dollar, discussing the creation of a common currency to facilitate trade between member countries. This initiative was seen as a direct challenge to the dollar’s supremacy in global trade and finance. Proponents argue that such a currency would protect their economies from the instability of U.S. sanctions and monetary policy.