Trump warns nations against creating new currency and threatens 100 percent tariffs

President-elect Trump has warned countries against creating a new currency, threatening a 100 percent tariff on those that attempt to undervalue the U.S. dollar. He stated that nations should not support a BRICS currency or face severe trade penalties. The BRICS group, which includes Brazil, Russia, India, China, and South Africa, discussed forming their own currency at a recent summit. They aim to establish a currency backed by member nations and gold reserves to reduce reliance on the U.S. dollar. Trump's stance marks a significant shift in U.S. trade policy, as he plans to impose high tariffs on Canada, Mexico, and China. This approach has drawn criticism from President Biden and other leaders, who have urged a reconsideration of these strategies.