Donald Trump Vows to Impose 100% Tariffs on BRICS Nations if They Attempt to Devalue the Dollar

President-elect Donald Trump has threatened to impose 100% tariffs against a bloc of nine nations, including Brazil, Russia, India, China, South Africa, and others, if they attempt to undermine the dominance of the U.S. dollar in global business. This threat was made in response to the BRIC alliance’s dissatisfaction with America’s control of the global financial system. Trump’s statement, posted on Truth Social, demanded a commitment from these countries to not create a new BRICS currency or support any other currency to replace the U.S. dollar. Failure to comply would result in heavy tariffs and restricted access to the U.S. economy. Russian President Vladimir Putin has previously accused the U.S. of “weaponizing” the dollar at a BRIC summit in October, describing it as a mistake. The alliance’s members, along with other developing nations, are increasingly challenging America’s financial supremacy. The future of global currencies and potential currency wars now hang in the balance, as tensions rise between the U.S. and other economic powers. This article was originally published by the Associated Press.

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