Trump Declares BRICS "Dead," Threatens 100% Tariffs on Alternative Currency

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U.S. President Donald Trump stated that BRICS, an economic coalition of Brazil, Russia, India, China, and South Africa, is "dead" and reiterated his threat to impose a 100% tariff on member nations if they attempt to shift away from the U.S. dollar. During a press briefing, Trump characterized BRICS as being created for "bad purposes" and suggested that most countries involved do not want to discuss it, fearing repercussions.

Trump's comments follow a previous warning in January, where he vowed to sanction BRICS members who prioritize an alternative currency over the U.S. dollar. He emphasized the importance of U.S. economic dominance, claiming, "We have them over a barrel," contrasting this with former President Biden’s statements that suggested vulnerability.

Russian President Vladimir Putin had previously called for enhanced trade in local currencies among BRICS nations, highlighting tensions over financial independence from the dollar. Trump’s remarks serve as a clear signal of the U.S. administration’s stance on maintaining dollar supremacy in international trade.

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