Trump proposes 100% tariff on BRICS nations over alternative currency plans

Donald Trump has proposed a potential 100% tariff on BRICS countries if they pursue a new currency to challenge the U.S. dollar. This marks a shift in his approach to international trade, following similar threats to Mexico and Canada. The U.S. dollar has long been the dominant global currency, but recent actions, such as U.S. sanctions on Russia, have raised concerns about its stability. Countries are increasingly exploring alternatives, including a possible BRICS currency. Recent trends show a move away from the dollar, with central banks buying more gold and Russia shifting to the Chinese yuan for international transactions. These developments suggest a growing influence of China and a reassessment of reliance on the U.S. dollar.