Trump threatens BRICS nations with tariffs over currency plans
US President-elect Donald Trump has threatened BRICS nations with 100% tariffs on imports if they create their own currency. This warning comes as BRICS countries seek to reduce reliance on the US dollar in global trade. Economist Sharad Kohli views Trump's statement as an economic war against developing nations. He argues that such tariffs would severely hinder BRICS countries' ability to export to the US, effectively creating an embargo. Trump's comments signal a strong US stance against any efforts to replace the dollar in international transactions. He insists that the US will not allow the dollar's dominance to be challenged by BRICS initiatives.