Trump Warns BRICS of 100% Tariffs Over Dollar Replacement Plans

TL;DR Summary
President-elect Donald Trump has threatened to impose 100% tariffs on BRICS countries, including Russia and China, unless they commit to using the U.S. dollar as their reserve currency. This move comes as the BRICS nations have been exploring alternatives to the dollar for global trade, a concept known as 'de-dollarization.' Trump's ultimatum follows discussions with Canadian and Mexican leaders about tariffs related to migration and drug trafficking issues. Economists remain skeptical about the BRICS' ability to create a currency that could rival the dollar.
- Trump Threatens Putin’s Russia And Xi’s China With 100% Tariffs The Daily Beast
- Trump threatens 100% tariff on BRICS countries if they pursue creating new currency CNN
- Trump threat of 100% tariffs against Brics nations raises trade war fears The Guardian
- Trump warns BRICS countries if they try to replace dollar: '100% tariffs' Fox Business
- Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar ABC News
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