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
President Donald Trump on Thursday issued a stark directive to the U.S. Navy, ordering forces to “shoot and kill” any vessels attempting to lay mines in the strategically vital Strait of Hormuz, signaling a sharp escalation in enforcement amid ongoing tensions with Iran.
Church leaders in central Uganda have expressed shock after an evangelist was reportedly killed following a Gospel outreach event.
Iran’s Islamic regime is facing growing scrutiny after partially restoring internet access — but only for select groups — raising concerns that the move is less about openness and more about tightening control over information.
A Virginia judge has temporarily blocked the state from certifying the results of a closely contested referendum that would allow Democrats to implement a new congressional map, escalating an already heated legal and political showdown over redistricting in the state.
The U.S. Department of Justice has announced a sweeping federal indictment against the Southern Poverty Law Center, charging the nonprofit with fraud, money laundering, and deceptive financial practices in what officials describe as a long-running scheme involving extremist groups and donor funds.
A Christian pastor detained over the weekend while evangelizing in a British town says he will follow the example of Apostle Paul and prove to authorities he was targeted for preaching the Gospel.
The Trump administration has halted shipments of U.S. dollars to Iraq and suspended portions of its security cooperation with Baghdad, escalating pressure on Iraqi leaders to confront powerful Iran-backed militias, according to a Wall Street Journal exclusive citing U.S. and Iraqi officials.