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 unleashed its most decisive and devastating blow in Lebanon since the 2024 ceasefire on Sunday, eliminating Hezbollah’s powerful military chief of staff, Haytham Ali Tabatabai, in a precise airstrike deep inside Beirut. The operation — code-named “Black Friday” — struck the third and fourth floors of a building in the Haret Hreik district, the very nerve center of the Iranian-backed terrorist organization.
The Netherlands’ military confirmed Saturday it opened fire on drones over Volkel Air Base in the southeast of the country, where the United States is widely believed to store nuclear weapons, though no wreckage was recovered.
Former Brazilian President Jair Bolsonaro was detained by Brazil’s federal police on Saturday, days before he was set to begin his 27-year prison sentence for “leading a coup attempt,” officials said.
Polish President Karol Nawrocki said Saturday that any peace plan for Ukraine must be decided in Kyiv, after the U.S. signaled it would press President Volodymyr Zelenskyy to accept a deal to end the war with Russia.
Vietnamese authorities said Saturday that the death toll from torrential rain, flooding, and landslides in central Vietnam has risen to 55, with 13 people reported missing.
Air traffic at Eindhoven airport in southern Netherlands was suspended for several hours late Saturday, shortly after the Ministry of Defense acknowledged that the Dutch military shot at similar flying objects over Volkel Air Base in the southeast of the country, where the United States is widely believed to store nuclear weapons.
Authorities say Ukraine struck a major heat and power station in Russia’s Moscow region on Sunday using drones, igniting a large fire and cutting off heating for thousands of residents. The attack — one of Kyiv’s deepest strikes into Russian territory to date — unfolded as the United States was attempting to advance a peace proposal between the two nations.