(LibertySociety.com) – President-elect Donald Trump has issued a sharp warning to the BRICS nations—Brazil, Russia, India, China, and South Africa—and their newly expanded members, threatening to impose a 100% tariff on their exports if they proceed with plans to move away from the U.S. dollar in international trade.
In a social media post, Trump stated, “The idea that the BRICS countries are trying to move away from the Dollar while we stand by and watch is OVER.” He called on these nations to abandon any efforts to establish a new BRICS currency aimed at reducing reliance on the dollar. “There is no chance that the BRICS will replace the U.S. Dollar,” Trump warned, underscoring his administration’s intent to take strong economic action to defend the dollar’s dominance.
The BRICS bloc recently announced its expansion, adding nations such as Iran, Saudi Arabia, UAE, Argentina, Egypt, and Ethiopia. The expanded group has expressed its ambition to reduce U.S. influence in global markets, although internal differences in economic policies and financial systems present significant challenges to their shared goals.
Trump and his advisers are reportedly exploring a range of retaliatory measures, including imposing export controls, accusing BRICS nations of currency manipulation, and enacting sweeping trade levies. According to Bloomberg, these actions are part of a larger strategy to preserve U.S. economic dominance in the face of rising multipolarity in international finance.
This threat against BRICS nations aligns with Trump’s broader tariff strategy, which includes recent proposals for tariffs targeting Canada, Mexico, and China. Those policies address concerns such as illegal immigration, drug trafficking, and trade imbalances.
Trump has long emphasized the importance of the U.S. dollar as the global standard, warning that its decline would be akin to losing a revolutionary war. He has pledged to prioritize the dollar’s stability and influence as a cornerstone of his economic policies.
As the BRICS nations continue to explore alternative financial systems, Trump’s stark warning underscores his administration’s commitment to maintaining the U.S. dollar’s supremacy in global trade and finance. The potential for significant economic retaliation has added another layer of complexity to the shifting dynamics of international relations.
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