Trump warns BRICS nations against de-dollarization with threat of 100% tariffs
President-elect Donald Trump has warned BRICS nations—Brazil, Russia, India, China, and South Africa—against moving away from the US Dollar in global trade. He threatened 100% tariffs if they pursue an alternative currency. Trump's statement emphasizes the need for these countries to commit to not creating a new currency. This warning comes as he prepares to take office in January, signaling a return to his tough trade policies. His remarks reflect a focus on economic nationalism, a key theme of his campaign. Trump aims to maintain the dollar's dominance in international trade.