Trump proposes 100% tariffs on countries challenging US dollar dominance
President-elect Donald Trump announced plans for 100% tariffs on countries that attempt to replace the US dollar. He specifically targeted BRICS nations, demanding they commit to not creating a new currency or supporting alternatives to the dollar. In a post on Truth Social, Trump stated that any country moving away from the dollar should "wave goodbye to America." He emphasized that the US will not allow the BRICS countries to undermine the dollar's dominance in international trade. Additionally, Trump mentioned a recent conversation with Canadian Prime Minister Justin Trudeau about drug smuggling and other issues. This follows his announcement of tariffs on goods from Canada, Mexico, and China.