US President Donald Trump has threatened 100% tariffs on BRICS nations to prevent them from creating an alternative reserve currency to the US dollar. He expressed this stance through his Truth social media platform, reiterating his commitment to keeping the US dollar as the world's primary reserve currency. The BRICS group, which includes Brazil, Russia, India, China, and South Africa among others, has been exploring introducing a new reserve currency in response to Western sanctions on Russia amid the Ukraine conflict. Trump's warnings reflect ongoing tensions in global economics and the significance of the US dollar.
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 US dollar.
There is no chance that BRICS will replace the US dollar in international trade, or anywhere else, and any country that tries should say hello to tariffs, and goodbye to America!
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