US President-elect Donald Trump has threatened 100% tariffs on nine nations in the BRICS bloc if they create a rival currency to the US dollar. Trump’s message, shared on Truth Social, targeted the alliance of Brazil, Russia, India, China, South Africa, and others. “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 US dollar, or they will face 100% tariffs,” Trump wrote. While BRICS leaders have proposed reducing reliance on the dollar, internal disagreements have slowed progress. Critics suggest Trump’s threats are negotiation tactics.
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