Kremlin warns Trump's dollar threats to BRICS nations will backfire

The Kremlin responded to U.S. president-elect Donald Trump's threat of tariffs on BRICS nations, stating that attempts to force countries to use the dollar would backfire. Trump warned that BRICS countries could face 100% tariffs if they pursued a new currency. Kremlin spokesman Dmitry Peskov noted that more countries are moving away from the dollar in trade. He claimed that U.S. economic pressure would only accelerate this trend toward using national currencies instead of the dollar. Despite these claims, the U.S. dollar remains the dominant global reserve currency. Recent studies indicate that the dollar's role has strengthened, even as BRICS nations seek alternatives.