'Trump Issues Stark Warning: 100% Tariffs on BRICS If Dollar Undercut

In a bold statement, President Trump has made it clear that BRICS nations must not challenge the supremacy of the US dollar. He warns of dire consequences.

P24 News Media

November 30, 2024

1 minute

'Trump Issues Stark Warning: 100% Tariffs on BRICS If Dollar Undercut

India

In a recent and striking pronouncement, US President-elect Donald Trump has laid down an ultimatum aimed at BRICS nations. On his social media platform, Truth Social, Trump urged these countries to refrain from establishing a new currency or endorsing any other currency intended to supplant the dominance of the US dollar. His demand comes with a stark warning: non-compliance will result in punitive measures, specifically a 100% tariff on goods traded with the United States.

During this communication, Trump stated, “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% tariffs.” This bold statement underscores Trump's administration's ongoing commitment to maintaining the dollar’s central role in global trade.

Furthermore, Trump suggested that nations that do not abide by this directive should “expect to say goodbye to selling into the wonderful US economy.” His remarks highlight a clear intent to dissuade any financial maneuvers that could challenge the dollar’s status as the world's primary reserve currency.

Trump’s rhetoric reflects a critical moment in international economic relations, where the BRICS coalition—comprising Brazil, Russia, India, China, and South Africa—faces increasing scrutiny for its ambitions to create alternatives to Western financial systems. As tensions rise, the implications of these potential tariffs could have far-reaching impacts on global trade dynamics.

In a sardonic tone, Trump mentioned that if BRICS countries seek to undermine the dollar, they would need to “go find another ‘sucker’” to buy their goods. He expressed absolute confidence that there is no feasible pathway for BRICS nations to supplant the US dollar in international commerce. “Any country that attempts this should wave goodbye to America,” he concluded.

This announcement brings to light the intense rivalry between the United States and emerging economies. As the BRICS nations explore alternative financial systems and currencies, the global economic landscape continues to evolve, with the US aiming to retain its pivotal position.

As the world watches closely, the response from BRICS nations will be crucial. How they navigate this ultimatum could reshape international economic alliances and the future of global trade.