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
More details have emerged about an extraordinary secret flight by U.S. President Donald J. Trump, who was reportedly moved between aircraft inside a catering truck amid fears of an Iranian attempt on his life.
Russian attacks across Ukraine killed at least 12 people and wounded dozens more, Ukrainian officials said Wednesday, as Kyiv accused Moscow of using North Korean ballistic missiles in its escalating air campaign.
Switzerland’s government has rejected a campaign to enshrine a stricter interpretation of the Alpine nation’s centuries-old neutrality in the constitution, ahead of a nationwide referendum next month.
An Indonesian and three Pakistani crew members were among six people killed in an attack by Iran-backed Houthi forces on a cargo ship in the strategic Bab el-Mandeb Strait near Yemen, officials said Wednesday.
Wim de Goeij, a former Jehovah’s Witness who became a prominent Dutch publisher of Bible-teaching materials and outspoken critic of the Watch Tower Society, has died. He was 64.
Hungary’s Parliament elected former Supreme Court President András Baka as the nation’s new president Tuesday, marking a dramatic political comeback for a judge removed from office under former Prime Minister Viktor Orbán.
Massachusetts Gov. Maura Healey has signed legislation removing the state’s previous statutory restrictions governing abortions after 24 weeks of pregnancy, prompting pro-life leaders to warn that the new standard effectively permits abortions throughout pregnancy based on a physician’s professional judgment.