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 1999-2025 Worthy News. This article was originally published on Worthy News and was reproduced with permission.
More Worthy News
Israel said Tuesday it has begun enforcing new registration regulations for international nongovernmental organizations, moving to bar 37 groups from operating in Gaza and the West Bank after they failed to comply with requirements introduced earlier this year.
Federal authorities are launching what the Department of Homeland Security described as a “massive operation” in Minnesota aimed at identifying, arresting, and removing criminals accused of defrauding American taxpayers.
Israel and the United States have agreed to give Hamas a two-month window to disarm, according to a report by Israel Hayom, following an overnight meeting between Israeli Prime Minister Benjamin Netanyahu and U.S. President Donald Trump at Mar-a-Lago.
Attorney General Pam Bondi said the Department of Justice will continue investigating what she described as widespread “government weaponization” by officials who served under the Obama and Biden administrations, even after courts dismissed charges against several high-profile figures.
Saudi Arabia carried out airstrikes on the southern Yemeni port city of Mukalla on Dec. 30, saying the operation targeted weapons and military vehicles allegedly shipped from the United Arab Emirates to support separatist forces. Riyadh warned that its national security was a “red line” and demanded Emirati forces leave Yemen within 24 hours.
New details are emerging surrounding the U.S. strike on a suspected drug loading site in Venezuela, with multiple reports claiming a CIA drone carried it out.
A 14-year-old Christian girl is recovering after being abducted and raped in Pakistan’s Punjab province, according to family members and police.