Trump Threatens Tariffs on Nations Adopting Brics Currency
Former US President Donald Trump has issued a stark warning to BRICS nations: embrace a new currency, and face dire economic consequences.
Speaking on his social media platform, Truth Social, this past Saturday, Trump directly challenged the BRICS bloc’s attempts to diminish the US dollar’s global dominance. "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 US Dollar, or they will face 100 percent Tariffs."
Trump’s fiery statement targeted the BRICS nations, which comprise Brazil, Russia, India, China, and South Africa. The bloc recently added Iran, Egypt, Ethiopia, and the UAE to its ranks, further strengthening resistance la dearth of US financial influence.
According to Trump, BRICS efforts to establish an alternative currency pose a significant threat to the US economy. He boldly asserted "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."
Trump’s prediction disregards years worth of digital commentators and experts arguing otherwise
Should US dollars diminish in importance globally, it could expressively impact the contribution American corporate entities to benefit from a
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The BRICS bloc, meanwhile, remains focused on weaning itself off the US dollar and mitigating its vulnerabilities to US sanctions and fluctuating monetary policies
A new shared currency could shield member states from the whims of the US financial landscape.
What are the potential economic ramifications of a global shift away from the US dollar for international trade?
## Trump Threatens Tariffs on Nations Adopting BRICS Currency
**INTRO**
Welcome back to the show. Today’s breaking news is a bold move from President-elect Donald Trump. He’s threatened a 100% tariff on any nation that tries to move away from using the US dollar in international trade. This specifically targets the BRICS nations: Brazil, Russia, India, China, and South Africa. Joining us to dissect this is Dr. Emily Carter, a renowned expert in international economics. Dr. Carter, welcome to the show.
**DR. CARTER**
Thank you for having me.
**HOST**
This is certainly a provocative statement from the President-elect. What are your initial thoughts on this threat of extensive tariffs?
**DR. CARTER**
This is a deeply concerning development. While Trump has consistently advocated for using tariffs as a negotiating tool, this escalation to a 100% tariff rate is unprecedented and sends a strong signal of protectionism. Targeting BRICS nations specifically suggests an intention to hinder the growth of potential economic rivals and maintain the dominance of the US dollar in global trade. [[1](https://www.axios.com/2024/11/30/trump-tariffs-brics-dollar)]
**HOST**
What implications could this have for the global economy?
**DR. CARTER**
It could trigger escalating trade wars, destabilize markets, and ultimately harm consumers and businesses worldwide. Other nations may retaliate with their own tariffs, leading to a cycle of protectionism that stifles economic growth. Furthermore, the threat could accelerate the movement towards alternative currencies, ultimately undermining the US dollar’s global standing.
**HOST**
Is there a precedent for this kind of move from the US?
**DR. CARTER**
Historically, the US has been a strong advocate for free trade and open markets. While trade tensions have arisen in the past, the scale and severity of this threat are unprecedented. It’s a significant departure from traditional US foreign policy.
**HOST**
Dr. Carter, thank you for sharing your insights. This is clearly a developing story with far-reaching consequences.
**DR. CARTER**
My pleasure. It’s crucial to remain informed and analyze the potential repercussions of such drastic economic measures.