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
xplosions were reported Tuesday on Iran’s strategic Kharg Island, according to Iran’s semi-official Mehr News Agency, as tensions escalate ahead of a U.S. deadline for Tehran to reopen the Strait of Hormuz.
A Nigerian church group has denied army claims that troops rescued dozens of Christians abducted during a deadly Easter attack, as conflicting reports emerged about the number of victims in northwestern Kaduna State.
Ukraine says a barrage of Russian drone attacks has killed at least four people and injured many others, casting a shadow over Easter celebrations in the war-torn country.
Hungary says it has rushed troops to protect its section of a natural gas pipeline after the government accused Ukraine of attempting to sabotage it ahead of Tuesday’s arrival of U.S. Vice President JD Vance in Budapest.
U.S. President Donald Trump is facing a unified message from key Middle Eastern allies: there will be no ceasefire in the ongoing conflict unless the Iranian threat is fully dismantled.
A federal judge in Texas has rejected a proposed agreement between the Internal Revenue Service (IRS) and several Christian ministries that would have limited enforcement of restrictions on political speech from the pulpit—marking a significant moment in the ongoing debate over religious liberty and free expression.
The 8th U.S. Circuit Court of Appeals ruled Monday that Iowa may enforce its law restricting LGBT-related instruction in classrooms and limiting sexually explicit materials in school libraries, marking a significant legal victory for parental rights and local control of education.