Trump threatens 100% tariffs on BRIC nations over dollar concerns
Donald Trump has threatened to impose 100% tariffs on nine BRIC nations if they undermine the U.S. dollar. This includes Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the UAE. Trump's warning follows concerns from BRIC members about U.S. dominance in the global financial system. He stated that countries must not create a new currency to replace the dollar or face tariffs. This threat comes after previous tariff proposals on imports from Mexico, Canada, and China. Trump has held discussions with leaders from these countries, but no agreements have been reached to ease tensions.