Trump warns BRICS nations against moving away from the U.S. dollar

Donald Trump has issued a warning to BRICS nations—Brazil, Russia, India, China, and South Africa—regarding their efforts to move away from the U.S. dollar. He stated that any attempt to create a new currency or replace the dollar will result in severe economic consequences. In a post on Truth Social, Trump emphasized that countries pursuing de-dollarization could face 100% tariffs and lose access to the U.S. market. This statement reflects his commitment to maintaining the dollar's status as the world's reserve currency. Trump's remarks come as he prepares for a return to the White House, where he plans to prioritize economic nationalism and protect the dollar. His comments follow discussions among BRICS nations about reducing reliance on the dollar, which gained momentum after U.S. sanctions on Russia in 2022.