President Trump vowed to impose tariffs of up to 100 percent on countries that back a new reserve currency among the BRICS countries, a group that includes Russia and China. Trump’s Truth

US President Donald Trump has promised to impose 100% tariffs on goods from BRICS countries, including Russia, if they refuse to use the US dollar. Read RBC-Ukraine’s analysis on how serious these threats are and what will happen to the economies of these countries if Trump dares to take this step.

Donald Trump: "There is no chance that BRICS will replace the US Dollar in International Trade or anywhere else, and any Country that tries should say hello to Tariffs and goodbye to America!"

The recent BRICS Summit, held in Kazan, Russia, from October 22 to 24, 2024, focused on promoting currency cooperation and exploring alternatives to the dollar. Through initiatives like enabling trade in local currencies,

In recent years, Brics has become one of the most economically powerful groups. Two of its member states are among the top five largest economies in the world

United States President Donald Trump on Friday reiterated his threat to impose 100% import tariffs on BRICS countries if they moved towards reducing reliance on the US dollar in global trade, reported The Indian Express. In a post on Truth Social, Trump said the US “will not stand idly by” while BRICS countries develop an alternative currency.

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.