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Trump Warns BRICS Nations Against De-Dollarization: Tariff Threats Loom

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President-elect Donald Trump has issued a stark warning to BRICS member nations (Brazil, Russia, India, China, and South Africa) and their allies regarding their efforts to reduce reliance on the U.S. dollar. Speaking through a post on Truth Social, Trump threatened 100% tariffs on nations that pursue the creation of a BRICS currency or back alternatives to the U.S. dollar. He stated, "The idea that the BRICS countries are trying to move away from the Dollar while we stand by and watch is OVER" and emphasized the economic consequences of such actions, including cutting off access to the U.S. market【47】【48】.


The BRICS Push for a New Currency


The BRICS bloc, along with newer members like Iran, Saudi Arabia, and Ethiopia, has been vocal about dissatisfaction with the dollar’s dominance in global trade. Russian President Vladimir Putin has criticized the U.S. for “weaponizing” the dollar through sanctions, arguing that these actions have forced nations to seek alternative currencies. BRICS leaders have discussed mechanisms to facilitate trade without relying on the dollar, including developing a shared payment system【47】【48】.


Potential Implications


Trump’s aggressive stance underscores the geopolitical tension surrounding the dollar's status as the world's reserve currency. If BRICS successfully introduces an alternative, it could lead to what analysts call "de-dollarization", reducing demand for the dollar globally. This would have significant implications for U.S. economic leverage, international trade, and the global financial system【47】【48】.


While Trump expressed confidence that the U.S. dollar’s dominance would remain intact, his proposed tariffs reflect the seriousness with which his administration views the threat posed by BRICS initiatives.



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