Donald Trump Threatens 100% Tariffs on BRICS Nations Over Dollar Alternatives

The incoming U.S. president demands BRICS countries abandon plans for non-dollar payment systems, warning of severe economic penalties.

Donald Trump, set to begin his second term as U.S. president in January, has threatened 100% tariffs on goods from BRICS nations if they pursue alternatives to the U.S. dollar.
The BRICS bloc, which includes Brazil, Russia, India, China, and South Africa, recently expanded to include Iran, Egypt, Ethiopia, and the UAE, with other nations expressing interest in joining.
Russian President Vladimir Putin has advocated for using national currencies in trade within the BRICS bloc, citing the need to bypass Western sanctions and reduce reliance on the U.S. dollar.
While speculation about a unified BRICS currency has circulated, the bloc has instead focused on decentralized financial systems and bilateral agreements to promote 'de-dollarization.'
The BRICS nations aim to create a more independent financial structure, challenging the U.S.-dominated global financial order and offering an alternative for emerging economies.