Trump threatens 100% tariffs on nine BRIC countries over dollar concerns

President-elect Donald Trump has threatened to impose 100% tariffs on nine countries in the BRIC alliance if they attempt to undermine the U.S. dollar. The countries include Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the UAE. Trump's warning comes as these nations express dissatisfaction with U.S. financial dominance. He stated that any country trying to create a new currency or replace the dollar would face severe trade penalties. Currently, the U.S. dollar remains the dominant global currency, making up about 58% of foreign exchange reserves. Despite challenges from BRICS, research indicates the dollar's status is not at immediate risk.