Trump threatens tariffs on BRICS nations over new currency plans

President-elect Donald Trump has threatened to impose 100% tariffs on BRICS countries if they attempt to create a new currency. He demands these nations, which include Brazil, Russia, India, China, and South Africa, commit to not replacing the U.S. dollar. BRICS recently expanded to include Iran, Saudi Arabia, the UAE, Ethiopia, and Egypt. The group aims to strengthen economic ties and reduce reliance on the U.S. dollar, but differences among members may hinder the creation of a new currency. Trump's tariff threat follows his announcement of significant tariff increases on goods from Mexico, Canada, and China, set to begin on his first day in office. He has since engaged in discussions with leaders from these countries.