Trump Pledges To Defend US Dollar Against BRICS Currency

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

Massachusetts Governor Signs Law Removing Specific Limits on Abortions After 24 Weeks
Massachusetts Governor Signs Law Removing Specific Limits on Abortions After 24 Weeks
Tuesday, August 11, 2026

Massachusetts Gov. Maura Healey has signed legislation removing the state’s previous statutory restrictions governing abortions after 24 weeks of pregnancy, prompting pro-life leaders to warn that the new standard effectively permits abortions throughout pregnancy based on a physician’s professional judgment.

U.S. Golden Dome Missile Shield Passes Major Tests, but Funding Battle Threatens 2028 Deployment
U.S. Golden Dome Missile Shield Passes Major Tests, but Funding Battle Threatens 2028 Deployment
Tuesday, August 11, 2026

The United States has successfully conducted two closely guarded tests of President Donald Trump’s ambitious Golden Dome missile defense system, marking significant progress toward building a nationwide shield capable of defending the American homeland against ballistic, hypersonic, cruise missile and other advanced aerial threats.

Taliban Bars 2.4 Million Afghan Girls From School, Erasing Decades of Progress
Taliban Bars 2.4 Million Afghan Girls From School, Erasing Decades of Progress
Tuesday, August 11, 2026

Five years after the Taliban returned to power, an estimated 2.4 million Afghan girls remain barred from secondary education, marking one of the most sweeping reversals of women’s rights anywhere in the world.

UK Christian Motorist Told to Remove ‘Jesus Loves You’ Message to Keep Car Insurance
UK Christian Motorist Told to Remove ‘Jesus Loves You’ Message to Keep Car Insurance
Tuesday, August 11, 2026

A Christian motorist in Britain is considering legal action after his insurer reportedly told him that his car insurance could not continue unless he removed handmade “Jesus Loves You” messages from his vehicle.

Israel, Venezuela Renew Consular Relations as Latin America Ties Strengthen
Israel, Venezuela Renew Consular Relations as Latin America Ties Strengthen
Tuesday, August 11, 2026

Israel and Venezuela have agreed to renew consular relations for the first time since diplomatic ties were severed in 2009, marking another significant diplomatic development for Jerusalem in Latin America.

Colombia Recognizes Israeli Sovereignty Over Golan Heights, Joining United States
Colombia Recognizes Israeli Sovereignty Over Golan Heights, Joining United States
Tuesday, August 11, 2026

Colombia has formally recognized Israeli sovereignty over the Golan Heights, becoming only the second nation in the world after the United States to do so.

US Brokers Secret Deal to Remove Nuclear Material From Syrian Site
US Brokers Secret Deal to Remove Nuclear Material From Syrian Site
Tuesday, August 11, 2026

The International Atomic Energy Agency is expected to remove nuclear material from a clandestine site in Syria under a secret agreement brokered by the Trump administration between Israel and Syria, according to reports Monday.