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
Israeli National Security Minister Itamar Ben Gvir and fellow Otzma Yehudit lawmaker Yitzhak Kroizer used Jerusalem Day to issue some of the strongest public calls yet from sitting Israeli officials for expanded Jewish control on the Temple Mount — and, in Kroizer’s case, the rebuilding of the Jewish Temple.
Iran’s ability to threaten Israel, America’s regional allies, and U.S. personnel across the Middle East has been dramatically reduced, according to Admiral Brad Cooper, the head of U.S. Central Command, who told a Senate committee Thursday that Tehran’s military reach has been severely weakened after recent U.S. operations.
Israel and Lebanon are set to resume negotiations Thursday in Washington, with Israeli officials describing the talks as a potential turning point in the long and violent struggle between the Jewish state and the Iranian-backed Hezbollah terror organization.
Israeli Prime Minister Benjamin Netanyahu’s coalition has submitted legislation to dissolve the Knesset and send Israel to elections, moving to seize control of a fast-developing political crisis triggered by ultra-Orthodox anger over the government’s failure to pass a draft exemption law for yeshiva students.
The U.S. Senate, in a 54-45 vote, confirmed Kevin Warsh, President Donald Trump’s pick to lead the Federal Reserve on Wednesday.
A CIA whistleblower told Congress on Wednesday that agency scientists repeatedly concluded COVID-19 most likely originated from a Chinese laboratory, only to have those findings softened, delayed, or suppressed by higher-level officials before the agency later acknowledged the lab-leak theory as its leading assessment.
Japan’s prime minister confirmed Thursday that a Japanese supertanker emerged in the Gulf of Oman after apparently making a rare “dark transit” through the strategically vital Strait of Hormuz without broadcasting its location.