President-elect Donald Trump threatened to impose 100% tariffs on any BRICS nation that moves away from the U.S. dollar.
BRICS, comprised of Brazil, Russia, India, China and South Africa and, have previously suggested they plan to create a new currency. Iran, the United Arab Emirates, Ethiopia, and Egypt have also joined the bloc.
“The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,” Trump wrote on Truth Social. “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy.”
“They can go find another ‘sucker!’ There is no chance that the BRICS will replace the U.S. Dollar in International Trade, and any Country that tries should wave goodbye to America,” he added.
Earlier this year, BRICS reiterated its “commitment to improving global governance by promoting a more agile, effective, efficient, responsive, representative, legitimate, democratic and accountable international and multilateral system,” in an October declaration.
The declaration went on to “express serious concern” over the “exponential spread and proliferation of disinformation, misinformation, including propagating false narratives and fake news, as well as hate speech especially on digital platforms fueling radicalization and conflicts.”
“While reaffirming commitment to sovereignty of States we emphasize the importance of information integrity and ensuring free flow of and public access to accurate fact-based information,” the declaration said, “including the freedom of opinion and expression as well as digital and media literacy in order to allow for meaningful connectivity, in accordance with applicable national and international law.”
