Trump warns BRICS nations against replacing the US dollar with new currency

US President-elect Donald Trump has warned BRICS nations, including China, India, and Russia, against creating a new currency to replace the US dollar. He threatened 100% tariffs and restricted access to the US economy if they proceed with such plans. Trump's warning comes amid BRICS discussions on reducing reliance on the dollar. He emphasized the importance of a commitment from these countries to not support any alternative currency, stating that attempts to move away from the dollar would lead to severe economic consequences. Despite challenges to the dollar's dominance, it still accounts for over 58% of global foreign exchange reserves. Experts believe there is no immediate threat to the dollar's status, but Trump's comments indicate concerns as he prepares for his second term.