US President Donald Trump on Friday issued a warning to BRICS nations, threatening 100 per cent tariffs on their exports if they attempt to replace the US dollar as the dominant currency in international trade.
US President Donald Trump reiterated Thursday his threat to place 100 percent tariffs on BRICS nations, as the deadline loomed for him to impose tariffs on Canada and Mexico. Trump had previously threatened 100 percent tariffs on BRICS nations — a bloc including Brazil,
In a post shared on social media platform Truth Social, Trump declared that the United States would not stand idly by while the BRICS bloc pursues the development of an alternative currency.
Trump threatens BRICS nations with tariffs if they move away from the US Dollar, reinforcing his stance on de-dollarisation.
US President Donald Trump on Thursday repeated his threat of imposing a '100% tariff' on BRICS nations if they try to replace the US Dollar with any other currency.
The BRICS group of emerging-market powers — the acronym stands for Brazil, Russia, India, China and South Africa — has gone from a slogan dreamed up at an investment bank two decades ago to a real-world club that controls a multilateral lender.
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US President Donald Trump has warned BRICS nations against introducing a new currency or backing an alternative to the U.S. dollar. He stated that if they proceed, they would face 100% tariffs.
Donald Trump said if the BRICS countries back any other currency then they will face 100 per cent tariffs from the United States.
US President Donald Trump issued a warning to BRICS nations, threatening 100 per cent tariffs on their exports if they attempt to replace the US dollar as the dominant currency in international trade.
Trump reaffirms plans to impose tariffs on Canada, Mexico, impacting crude oil futures and global trade dynamics.