Trump threatens 100% tariffs on BRICS nations over dollar concerns
President-elect Donald Trump has threatened to impose 100% tariffs on the BRICS nations if they undermine the U.S. dollar. The BRICS bloc includes Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the UAE. Trump's warning comes as BRICS countries seek alternatives to the dollar for trade. He stated that any country attempting to create a new currency or support alternatives would face severe tariffs, impacting their ability to sell to the U.S. market. This threat follows Trump's previous tariff proposals against Mexico and Canada. While he has engaged in discussions with leaders from these countries, uncertainty remains about the future of those tariffs.