President of the United States of America, Donald Trump has once again warned BRICS nations that he would impose 100 per cent tariffs on their goods if they attempt to replace the US dollar in international trade.
Trump told them to find "another sucker nation" if they pursued such a move.
In a post on Truth Social, a platform owned by Trump, he declared, "The idea that the BRICS countries are trying to move away from the dollar, while we stand by and watch, is OVER."
Trump demanded a commitment from these "seemingly hostile" nations that they would not create a new BRICS currency or support any currency to supplant the "mighty" US dollar.
"Or they will face 100 per cent tariffs, and should expect to say goodbye to selling into the wonderful US economy," Trump warned, adding, "They can go find another sucker nation. There is no chance that BRICS will replace the US dollar in international trade, or anywhere else, and any country that tries should say hello to tariffs, and goodbye to America!"
This was Trump’s most direct opposition to BRICS’s attempts to move away from the US dollar. He had previously warned against such a move in December, but his latest comments mark a further escalation.
BRICS, formed in 2009, is an intergovernmental organisation comprising Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates.
In recent years, some BRICS members, particularly Russia and China, have pushed for alternatives to the US dollar or the creation of a BRICS currency. However, India, a key member of BRICS, has opposed such a proposal.
External Affairs Minister S. Jaishankar reiterated in December that India had "never been for de-dollarisation" and stated that there was no proposal for a BRICS currency.
Follow us
