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
Newly declassified FBI records released by the White House detail what officials describe as a years-long Chinese intelligence effort to penetrate American political circles through sexual relationships, campaign donations, and strategically placed interns.
President Donald Trump’s Board of Peace is considering a significant overhaul of its Gaza disarmament framework after Israeli Prime Minister Benjamin Netanyahu rejected a plan that would have linked Hamas weapons handovers to phased Israeli troop withdrawals, according to an exclusive report by The Times of Israel.
Iran’s rulers were quietly preparing for a broader and potentially prolonged Middle East war even as Tehran publicly engaged in diplomatic efforts with the United States, according to an exclusive investigation by The Wall Street Journal.
U.S. President Donald J. Trump announced Sunday that he had ordered the Pentagon to “substantially reduce” military exercises with key regional ally South Korea, citing his “very good relationship” with North Korean leader Kim Jong Un and Seoul’s refusal to assist Washington in its confrontation with Iran.
Rescue teams in eastern Indonesia recovered six more bodies Sunday following a powerful magnitude 7.7 earthquake, raising the death toll to at least 53 as Christians prayed for victims and rescuers struggled to reach isolated communities.
The U.S. Department of Defense is introducing a course centered on Christianity and Western civilization this fall in the schools it operates for military families, while casting Islam as a threat to both.
New York’s Jewish community was reeling Sunday as a judge ordered a man held on bail after prosecutors said he admitted to disrupting Shabbat services at Manhattan’s Central Synagogue and assaulting two people there.