Trump Warns BRICS: Tariffs Loom Over New Currency Plans

Trump Warns BRICS: Tariffs Loom Over New Currency Plans

US President-elect Donald Trump has issued a threat to impose 100% tariffs on countries within the BRICS alliance if they move forward with creating a currency to replace or compete with the US dollar. This statement comes in the context of ongoing discussions among BRICS nations about financial independence and alternatives to the dollar-centric global economy. The BRICS countries include Brazil, Russia, India, China, South Africa, along with new members like Egypt, Ethiopia, Iran, and the UAE. Russia has responded by suggesting that Trump's threats could backfire.