Trump Issues Fresh Warning to BRICS
President Donald Trump has cautioned that the BRICS nations will encounter 100% tariffs if they attempt to undermine the supremacy of the “mighty US dollar.” Read Full Article at RT.com
TroibNews 
The US president has warned the economic bloc against turning away from the “mighty” dollar.
President Donald Trump issued a stern warning to the BRICS nations on Thursday, stating they would face 100% tariffs on their goods if they challenged the supremacy of the “mighty US dollar.” This proclamation highlights his approach of leveraging American economic dominance to further geopolitical interests.
In recent years, members of the BRICS group have increasingly sought to lessen their dependence on third-party currencies in bilateral trade, particularly after Western sanctions resulted in the freezing of Russia's dollar and euro reserves following the escalation of the Ukraine conflict in 2022.
“The idea that the BRICS countries are trying to move away from the dollar while we stand by and watch is OVER,” Trump declared on his Truth Social platform, reflecting themes from past statements.
“They can go find another sucker nation,” he added. “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.”
Furthermore, he asserted, “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!”
In response to a similar threat issued in November, the Kremlin argued that American pressure would only expedite a global trend toward using national currencies for trade, thus reducing the dollar’s standing as a reserve currency. Russian President Vladimir Putin mentioned at the BRICS summit in Kazan in October that, while discussions about a common BRICS currency and a complete rejection of the dollar might be premature, Moscow has been exploring alternative financial systems to navigate around Western financial structures.
Beijing reacted to Trump's comments by reaffirming its commitment to enhancing cooperation among BRICS members. Foreign Ministry spokesman Lin Jian described BRICS as a significant platform for collaboration among emerging markets, focusing on comprehensive development and prosperity, without engaging in “bloc confrontation” or targeting any third party.
India, while indicating that the group occasionally discusses bilateral financial transactions, clarified its stance by stating it has “no interest” in undermining the dollar. "India has never been for de-dollarization,” Indian Foreign Minister Subrahmanyam Jaishankar remarked in December.
Similarly, South Africa denied any intentions of developing a new currency within the bloc.
However, Brazilian President Luiz Inacio Lula da Silva has voiced support in 2023 for establishing “a trading currency” within BRICS, akin to how European nations created the euro.
BRICS consists of founding members Brazil, Russia, India, China, and South Africa, along with newer additions, including Egypt, Ethiopia, Iran, and the United Arab Emirates. Indonesia became a full member earlier this month.
Notably, Trump mistakenly identified Spain as a BRICS member during a White House press briefing shortly after taking office, asserting, “They’re a BRICS nation, Spain. You know what a BRICS nation is? You’ll figure it out,” while indicating he would impose “at least 100% tariff on the business they do with the United States.”
Sophie Wagner for TROIB News
President Donald Trump issued a stern warning to the BRICS nations on Thursday, stating they would face 100% tariffs on their goods if they challenged the supremacy of the “mighty US dollar.” This proclamation highlights his approach of leveraging American economic dominance to further geopolitical interests.
In recent years, members of the BRICS group have increasingly sought to lessen their dependence on third-party currencies in bilateral trade, particularly after Western sanctions resulted in the freezing of Russia's dollar and euro reserves following the escalation of the Ukraine conflict in 2022.
“The idea that the BRICS countries are trying to move away from the dollar while we stand by and watch is OVER,” Trump declared on his Truth Social platform, reflecting themes from past statements.
“They can go find another sucker nation,” he added. “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.”
Furthermore, he asserted, “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!”
In response to a similar threat issued in November, the Kremlin argued that American pressure would only expedite a global trend toward using national currencies for trade, thus reducing the dollar’s standing as a reserve currency. Russian President Vladimir Putin mentioned at the BRICS summit in Kazan in October that, while discussions about a common BRICS currency and a complete rejection of the dollar might be premature, Moscow has been exploring alternative financial systems to navigate around Western financial structures.
Beijing reacted to Trump's comments by reaffirming its commitment to enhancing cooperation among BRICS members. Foreign Ministry spokesman Lin Jian described BRICS as a significant platform for collaboration among emerging markets, focusing on comprehensive development and prosperity, without engaging in “bloc confrontation” or targeting any third party.
India, while indicating that the group occasionally discusses bilateral financial transactions, clarified its stance by stating it has “no interest” in undermining the dollar. "India has never been for de-dollarization,” Indian Foreign Minister Subrahmanyam Jaishankar remarked in December.
Similarly, South Africa denied any intentions of developing a new currency within the bloc.
However, Brazilian President Luiz Inacio Lula da Silva has voiced support in 2023 for establishing “a trading currency” within BRICS, akin to how European nations created the euro.
BRICS consists of founding members Brazil, Russia, India, China, and South Africa, along with newer additions, including Egypt, Ethiopia, Iran, and the United Arab Emirates. Indonesia became a full member earlier this month.
Notably, Trump mistakenly identified Spain as a BRICS member during a White House press briefing shortly after taking office, asserting, “They’re a BRICS nation, Spain. You know what a BRICS nation is? You’ll figure it out,” while indicating he would impose “at least 100% tariff on the business they do with the United States.”
Sophie Wagner for TROIB News
