Trump warns BRICS countries of 100 percent tariffs over attempts to undermine the US dollar

US President-elect Donald Trump threatened on Saturday (November 30) with 100 percent tariffs against BRICS countries, including India, if they weaken the US dollar and thereby trigger a global tariff war.

The BRICS group includes Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.

Turkey, Azerbaijan and Malaysia have applied for membership and several other countries have expressed interest in joining the group.

Trump said in a statement on social media that he would not stand by and watch the BRICS move away from the dollar.

“The idea that the BRICS countries are trying to move away from the dollar while we watch is over. We demand from these countries a commitment neither to create a new BRICS currency nor to support another currency to replace the powerful one.” They will face 100% tariffs and must expect to withdraw from selling in “We will say goodbye to the wonderful US economy,” said the Republican leader, who won a decisive victory in last month’s US presidential election.

Despite the U.S. dollar’s established role as the leading currency in global trade, BRICS members and other developing countries have expressed frustration over what they see as American dominance of the global financial system.

At a summit in Kazan, Russia, in October, BRICS countries discussed expanding non-dollar transactions and strengthening local currencies.

At the BRICS summit in October, Russian President Vladimir Putin accused the US of “weaponizing” the dollar and called it a “big mistake.”

“It is not us who refuse to use the dollar,” Putin said at the time.

“But what can we do if they won’t let us work? We are forced to look for alternatives,” he added.

Russia has backed a new payment system as an alternative to the SWIFT network, aiming to circumvent Western sanctions and facilitate trade with its partners.

The US president-elect suggested that the BRICS countries could find another “idiot”, but the group would not be able to replace the dollar with another currency in international trade.

“You can find another “idiot!” There is no chance that the BRICS countries will replace the US dollar in international trade, and any country that tries should say goodbye to America,” Trump said.

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