Trump threatens 100% tariffs on nine nations over U.S. dollar concerns

globalnews.ca

President-elect Donald Trump has threatened to impose 100% tariffs on nine nations if they undermine the U.S. dollar. This warning targets members of the BRIC alliance, which includes Brazil, Russia, India, China, and others. Trump's statement follows concerns from these nations about U.S. dominance in the global financial system. He demands that they not create a new currency or support alternatives to the dollar, or face severe tariffs. This threat comes after previous tariff proposals on imports from Mexico, Canada, and China. While Trump asserts the dollar's dominance will remain, some nations are exploring non-dollar trade options.


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