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
The first month of Mayor Zohran Mamdani’s administration has been marked by a troubling surge in antisemitic hate crimes across New York City, even as overall gun violence fell to historic lows, according to newly released data from the New York City Police Department.
Eyal Zamir, Israel Defense Forces chief of staff, convened the IDF’s senior operational commanders’ forum on Monday, underscoring a renewed push to strengthen combat readiness as the military returns to its regular training and exercise cycle following months of sustained operations.
The Trump administration announced Monday that all federal immigration and homeland security officers operating in Minneapolis will now be equipped with body-worn cameras, a move officials say will increase transparency and protect law enforcement amid rising tensions and political scrutiny.
President Donald Trump demanded Monday that House lawmakers swiftly approve the bipartisan spending package passed by the Senate, urging both parties to set aside additional policy demands to bring a partial government shutdown to a rapid end.
President Donald Trump announced Feb. 2 the creation of a new strategic private-sector critical minerals stockpile, a move the White House says will shield U.S. industry from supply shocks and reduce reliance on Beijing’s dominance of rare earths and key metals.
A network of left-wing activist groups working to obstruct federal immigration enforcement in Minnesota has received millions of dollars from a nonprofit tied to the Soros family, according to an investigation by the Daily Caller News Foundation.
The United States will reduce tariffs on Indian goods to 18% after President Donald Trump announced a new trade agreement with India following a call with Prime Minister Narendra Modi. The reduced rate marks a rollback from the 25% “reciprocal” tariff imposed last year, along with an additional 25% penalty tied to India’s purchases of Russian oil, the Wall Street Journal reported.