Trump warns BRICS nations against dollar alternatives in trade threat

Donald Trump, the U.S. President-elect, has warned BRICS nations—Brazil, Russia, India, China, and South Africa—against creating alternatives to the U.S. dollar. He stated that such actions could result in "100% tariffs" and harm trade relations with the U.S. This warning marks a significant shift in Trump's approach, emphasizing a strong stance against de-dollarization efforts by these countries. Previously, discussions around currency alternatives had not faced such direct threats from U.S. leadership. Trump's comments come as BRICS nations explore ways to reduce reliance on the U.S. dollar in international trade. The potential for tariffs indicates a more aggressive U.S. policy towards these nations' economic strategies.