Trump warns BRICS nations of potential 100% tariffs over dollar replacement plans

U.S. President-elect Donald Trump has threatened a 100% tariff on BRICS countries, including India, if they undermine the U.S. dollar or create a new currency for international trade. This warning follows discussions among BRICS nations about increasing non-dollar transactions. Trump's comments signal a potential escalation in trade tensions as he prepares to take office. He stated that any country attempting to replace the dollar should "wave goodbye" to the U.S. market. The BRICS group, which includes Brazil, Russia, India, China, and South Africa, recently discussed strengthening local currencies. However, no viable alternatives to the U.S. dollar have emerged, according to Russian President Vladimir Putin.