Donald Trump threatened BRICS with 100% tariffs if they try to sink the dollar

president-elect Donald Trump On Saturday threatened the nine-nation bloc with 100% tariffs if they act to undermine the US dollar.

His threat was addressed to the countries of the so-called BRIC alliance, which includes Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.

Türkiye, Azerbaijan and Malaysia have applied to become members, and several other countries have expressed interest in joining.

While the U.S. dollar is by far the most used currency in global business and has survived past tests of its supremacy, alliance members and other developing countries say they are fed up with America’s dominance of the global financial system.

Trump, in a post on Truth Social, stated: “We demand a commitment from these countries that they will not create a new BRICS currency or support any other currency to replace the mighty US dollar, or they will face 100% tariffs and must count say goodbye to sales to the wonderful US economy.”

At the BRIC summit in October, Russian President Vladimir Putin accused the US of “weaponizing” the dollar and called it a “big mistake.”

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Republished with permission from The Associated Press.

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