Trump Warns of 100% Tariff on BRICS Nations Over Dollar Alternatives.

Washington: US President-elect Donald Trump has issued a stern warning to BRICS nations, threatening a 100-percent tariff on any country within the bloc that attempts to move away from the US dollar in international trade. This ultimatum comes amid growing discussions among BRICS members about lessening their reliance on the dollar. According to Philippines News Agency, Trump took to Truth Social to express his concerns over the potential shift, emphasizing that the era of passively watching BRICS nations-comprising Russia, India, China, and South Africa, along with new members Iran, Egypt, Ethiopia, and the United Arab Emirates-move away from the dollar is over. Trump's statement underscores his demand for these countries to commit to the dollar as their reserve currency and avoid establishing any alternative BRICS currency. Trump's declaration was clear: any attempt to replace the US dollar or support another currency would result in severe economic consequences. "We require a commitment from these Count ries 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, and should expect to say goodbye to selling into the wonderful US Economy," he asserted. The possibility of BRICS nations moving away from the dollar has been a topic of discussion for several years, especially intensifying following the US sanctions on Russia in 2022 due to its 'special military operation' in Ukraine. Trump firmly believes that any endeavor by BRICS to replace the US dollar in international trade would be met with significant resistance from the US. This latest threat follows Trump's previous tariff proposals, including a 25 percent tariff on Mexico and Canada, and an additional 10 percent on China, aimed at curbing illegal migration and drug trafficking into the US. Despite the bold statements, a spokesperson for the Trump transition team did not immediately provide further details regarding the specific tariff plans for BRICS nations or Chi na.