Trump threatens 100% tariffs on BRIC nations over dollar dominance concerns

President-elect Donald Trump has threatened to impose 100% tariffs on BRIC nations if they undermine the U.S. dollar. This warning targets Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the UAE, amid growing calls for de-dollarization. Trump stated that any country attempting to replace the dollar should "wave goodbye to America." He emphasized the dollar's dominance, which currently makes up about 58% of global foreign exchange reserves. This threat follows Trump's previous tariff proposals against Mexico, Canada, and China. While he seeks to deter alternative currencies, research indicates the U.S. dollar's status as the primary global reserve currency remains secure in the near future.