Trump Pledges To Defend US Dollar Against BRICS Currency

By Stefan J. Bos, Chief International Correspondent Worthy News

WASHINGTON (Worthy News) – U.S. President-elect Donald Trump warned Saturday that he would impose 100 percent tariffs on imports from BRICS countries if they threaten the U.S. dollar as the world’s reserve currency.

BRICS, the intergovernmental group of nine nations, including its founders Brazil, Russia, India, China, and South Africa, as well as newcomers Iran, Egypt, Ethiopia, and the United Arab Emirates, is considering its own currency to challenge the greenback’s dominance.

“The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,” Trump stressed in a statement on his Truth Social media network.

“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 U.S. Dollar, or they will face 100% Tariffs and should expect to say goodbye to selling into the wonderful U.S. Economy,” he added.

The BRICS nations discussed the issue of de-dollarization at a summit last year.

The backlash against the dollar’s dominance gained traction in 2022 amid the U.S.-led efforts to impose economic sanctions on Russia following its full-scale invasion of Ukraine.

MORE TARIFFS

Trump suggested he could extend the tariffs policy to other countries, saying earlier this year that he “would not allow countries to go off the dollar” as it would be “a hit to our country.”

Separately, Trump already announced he would impose a 25 percent tariff on all products from Mexico and Canada and an additional 10 percent tariff on goods from China on his first day in office in January.

Canadian Prime Minister Justin Trudeau met with Trump on Friday to discuss trade and border issues to ease tensions between the two allied nations after the tariff threat.

Yet it remained unclear whether Trump would back down.

Trump’s talks on tariffs rattled sectors of financial markets, with shares of U.S. and European automakers dropping last week.

Critics say the Trump tariffs threaten the automobile industry’s supply chains and raise investor concerns about higher costs.

Copyright 1999-2026 Worthy News. This article was originally published on Worthy News and was reproduced with permission.

More Worthy News

Iran and Hezbollah Launch Coordinated Missile and Rocket Assault on Israel
Iran and Hezbollah Launch Coordinated Missile and Rocket Assault on Israel
Wednesday, March 11, 2026

Israel came under a coordinated barrage of rockets, drones, and ballistic missiles Wednesday night as Hezbollah and Iran launched simultaneous attacks that triggered air raid sirens across large parts of the country.

Pastor Beaten Unconscious in India as Hindu Nationalists Attack House Church
Pastor Beaten Unconscious in India as Hindu Nationalists Attack House Church
Wednesday, March 11, 2026

A pastor was recovering Wednesday after being beaten unconscious when a mob of Hindu nationalists attacked a house church gathering in central India, assaulting worshippers that included women and children, Christians familiar with the case said.

Europe On High Alert After Belgium Synagogue Blast As Iran War Fuels Security Fears
Europe On High Alert After Belgium Synagogue Blast As Iran War Fuels Security Fears
Wednesday, March 11, 2026

Belgium, Britain, France, and Germany are among European countries on heightened alert after an explosion outside a synagogue in eastern Belgium raised fears of possible terrorism linked to the war involving Iran.

US Intercepts Iranian Signals As Texas Shooting Fuels Fears Of Sleeper Cells
US Intercepts Iranian Signals As Texas Shooting Fuels Fears Of Sleeper Cells
Wednesday, March 11, 2026

U.S. intelligence agencies say they have intercepted encrypted communications believed to originate from Iran, raising concerns that the signals could be intended to activate sleeper cells abroad amid escalating tensions following reports that Iran’s supreme leader, Ali Khamenei, was killed in a U.S.-Israeli strike.

Israel Exploring Security Partnership With Somaliland Near Red Sea
Israel Exploring Security Partnership With Somaliland Near Red Sea
Wednesday, March 11, 2026

Israel is exploring a strategic security partnership with Somaliland that could potentially include a military presence near the mouth of the Red Sea, according to officials cited in a Bloomberg report.

IEA Announces Record Oil Release as Strait of Hormuz Disruptions Shake Global Markets
IEA Announces Record Oil Release as Strait of Hormuz Disruptions Shake Global Markets
Wednesday, March 11, 2026

The International Energy Agency (IEA) announced Wednesday that member nations will release 400 million barrels of oil from emergency reserves, the largest coordinated drawdown in the agency’s history, as the war with Iran disrupts global energy supplies.

Trump Announces First New U.S. Oil Refinery in 50 Years With $300 Billion Investment
Trump Announces First New U.S. Oil Refinery in 50 Years With $300 Billion Investment
Wednesday, March 11, 2026

President Donald Trump announced Tuesday that the first new U.S. oil refinery built in half a century will be constructed in Brownsville, Texas, calling the project a historic milestone for American energy independence.