US President-elect Donald Trump has threatened a 100% tariff on BRICS countries, if they undercut the US dollar or replace it with another currency for international transactions. His remarks follow a BRICS meeting in October that discussed boosting non-dollar transactions. The BRICS grouping comprises Brazil, Russia, India, China, South Africa, and other countries. “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER. We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful US Economy,” wrote Trump in a scathing post on Truth Social. The BRICS grouping comprises Brazil, Russia, India, China, South Africa, and other countries. n18oc_world n18oc_crux
