Trump Issues Threat to BRICS
The president-elect has warned that the US will not permit the BRICS nations to establish a competitor to the dollar. Read Full Article at RT.com
TroibNews 
Anyone looking to replace the US dollar can “wave goodbye to America,” the president-elect has declared.
US President-elect Donald Trump has issued a stern warning to the BRICS nations, stating they will face 100% tariffs on their goods if they attempt to introduce a reserve currency that rivals the dollar. Trump has consistently threatened to utilize tariffs to advance his geopolitical objectives.
“The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,” Trump emphasized on his Truth Social platform on Saturday.
He stated his intention to ask BRICS nations to commit not to create a common currency, “nor back any other currency to replace the mighty US dollar,” or else they will encounter the full force of 100% tariffs.
“They can go find another ‘sucker!’” he added. “There is no chance that the BRICS will replace the US Dollar in International Trade, and any Country that tries should wave goodbye to America.”
BRICS originally included Brazil, Russia, India, China, and South Africa, but expanded in January to incorporate Egypt, Iran, Ethiopia, and the United Arab Emirates. Approximately 30 other countries have expressed interest in joining this group of emerging economies.
In 2022, Russia, currently holding the group's rotating presidency, proposed the idea of a BRICS currency. Brazilian President Luiz Inacio Lula da Silva supported Moscow’s suggestion last year, advocating that a new reserve currency could lessen the BRICS nations’ “vulnerability” to dollar exchange rate fluctuations.
At their summit in Kazan last month, BRICS leaders did not announce any plans for a new currency but instead pledged to establish a cross-border payment system to complement the Western SWIFT network and to boost the use of local currencies in international trade.
“Cooperation within BRICS is not directed against anyone or anything – neither against the dollar nor against other currencies,” Kremlin spokesman Dmitry Peskov noted in October. “It pursues the main goal of ensuring the interests of those countries that participate in this format.”
Russian President Vladimir Putin remarked at the time that using local currencies to settle bilateral trade bills “helps to keep economic development free from politics.”
Trump has committed to utilizing tariffs to address US trade deficits, compel offshore manufacturers to return, and achieve various geopolitical goals. Alongside a proposed blanket tariff of 20% on all incoming goods, Trump has threatened Canada and Mexico with an additional 25% tariff if they do not reduce the flow of migrants and drugs into the US. This week, he also announced that “we will be charging China an additional 10% tariff, above any additional tariffs,” until Beijing “follows through” on punishing those responsible for producing and smuggling fentanyl, a potent synthetic opioid.
Max Fischer contributed to this report for TROIB News
US President-elect Donald Trump has issued a stern warning to the BRICS nations, stating they will face 100% tariffs on their goods if they attempt to introduce a reserve currency that rivals the dollar. Trump has consistently threatened to utilize tariffs to advance his geopolitical objectives.
“The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,” Trump emphasized on his Truth Social platform on Saturday.
He stated his intention to ask BRICS nations to commit not to create a common currency, “nor back any other currency to replace the mighty US dollar,” or else they will encounter the full force of 100% tariffs.
“They can go find another ‘sucker!’” he added. “There is no chance that the BRICS will replace the US Dollar in International Trade, and any Country that tries should wave goodbye to America.”
BRICS originally included Brazil, Russia, India, China, and South Africa, but expanded in January to incorporate Egypt, Iran, Ethiopia, and the United Arab Emirates. Approximately 30 other countries have expressed interest in joining this group of emerging economies.
In 2022, Russia, currently holding the group's rotating presidency, proposed the idea of a BRICS currency. Brazilian President Luiz Inacio Lula da Silva supported Moscow’s suggestion last year, advocating that a new reserve currency could lessen the BRICS nations’ “vulnerability” to dollar exchange rate fluctuations.
At their summit in Kazan last month, BRICS leaders did not announce any plans for a new currency but instead pledged to establish a cross-border payment system to complement the Western SWIFT network and to boost the use of local currencies in international trade.
“Cooperation within BRICS is not directed against anyone or anything – neither against the dollar nor against other currencies,” Kremlin spokesman Dmitry Peskov noted in October. “It pursues the main goal of ensuring the interests of those countries that participate in this format.”
Russian President Vladimir Putin remarked at the time that using local currencies to settle bilateral trade bills “helps to keep economic development free from politics.”
Trump has committed to utilizing tariffs to address US trade deficits, compel offshore manufacturers to return, and achieve various geopolitical goals. Alongside a proposed blanket tariff of 20% on all incoming goods, Trump has threatened Canada and Mexico with an additional 25% tariff if they do not reduce the flow of migrants and drugs into the US. This week, he also announced that “we will be charging China an additional 10% tariff, above any additional tariffs,” until Beijing “follows through” on punishing those responsible for producing and smuggling fentanyl, a potent synthetic opioid.
Max Fischer contributed to this report for TROIB News
