Trump Threatens 100% Tariffs on BRICS+ Nations Over US Dollar Replacement

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In a bold stance shortly after his inauguration, President Donald Trump has threatened to impose 100% tariffs on member nations of the BRICS+ alliance if they attempt to replace the US dollar as the dominant currency for international trade. The BRICS+ group, which includes Brazil, Russia, India, China, South Africa, and several other countries, is perceived by the US as an emerging threat to its economic supremacy, particularly due to discussions among its members regarding the establishment of a common currency.

The BRICS nations have been increasingly advocating for "de-dollarisation," aiming to conduct trade in local currencies and diminish reliance on the US dollar, which has historically served as the world's principal reserve currency. The US dollar's dominance allows the United States to impose sanctions effectively, utilizing control over international financial networks, primarily SWIFT.

In an international press statement, Trump reiterated his administration's readiness to respond decisively against any efforts by BRICS+ countries to undermine the US dollar's role. "If the BRICS nations want to do that, that's okay, but we're going to put at least a 100% tariff on the business they do with the United States," he warned.

The BRICS+ bloc comprises nearly half of the global population and accounts for over a third of the world’s economic output, indicating a potential shift in global economic power dynamics. The group's discussions about establishing a new currency highlight rising frustrations among emerging economies with Western dominance.

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