President Donald Trump has threatened the BRICS countries with 100% tariffs if they move away from using the US dollar for international transactions.
Trump issued the warning via his Truth Social platform, stating, “The idea that BRICS nations are trying to abandon the Dollar, while we stand by and watch, is over. We will demand a commitment from these countries to not create a new BRICS currency or back any alternative to the US dollar. If they refuse, they will face 100% tariffs and lose access to the US economy.”
BRICS, which consists of Brazil, Russia, India, China, and South Africa, expanded in early 2024 with the addition of Iran, Ethiopia, Egypt, and the UAE, and Indonesia joined in January 2025. The group seeks to counterbalance the influence of the G7, the leading Western economic powers.
Russian President Vladimir Putin has criticized the US dollar’s dominance and is pushing for a new payment system within BRICS to lessen Russia’s dependence on the dollar, especially in light of Western sanctions over the war in Ukraine.
Trump, known for imposing tariffs during his first term from 2017 to 2021, emphasized that the US would not tolerate challenges to the dollar’s supremacy.
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