Trump threatens 100 percent tariffs on BRICS nations including Russia and China over dollar use

thedailybeast.com

President-elect Donald Trump has threatened to impose 100 percent tariffs on countries in the BRICS group, including Russia and China, unless they commit to using the U.S. dollar as their reserve currency. Trump's statement follows discussions about the BRICS nations potentially moving away from the dollar for trade. He emphasized that these countries must not create a new currency or support alternatives to the dollar. This threat comes shortly after Trump met with Canadian Prime Minister Justin Trudeau regarding tariffs on goods from Canada and Mexico. The BRICS nations currently hold a significant portion of global foreign exchange reserves.


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