Special Poll
Trump Warns Against BRICS Currency Plans, Threatens 100% Tariffs
President-elect Donald Trump issued a stern warning on Saturday to nations considering the creation of a new currency to rival the U.S. dollar, threatening a 100% tariff on those who attempt to undermine its global dominance.
In a post on Truth Social, Trump declared, “We demand a clear commitment from these countries that they will not create a BRICS currency or back any alternative to replace the mighty U.S. dollar. If they do, they should prepare for 100% tariffs and kiss their access to the wonderful U.S. economy goodbye.”
He added, “Let them find another ‘sucker.’ BRICS will never replace the U.S. dollar in international trade, and any country that tries will lose access to America.”
This statement follows ongoing discussions within BRICS, a coalition of nations that includes Brazil, Russia, India, China, and South Africa. During their October summit in Kazan, Russia, the nine-member group, along with 13 new partner nations, explored the idea of creating a shared currency called the “Unit.” This proposed currency would be supported by gold reserves and the economies of member states.
Chinese President Xi Jinping has referred to BRICS as a leader in reforming global financial systems, calling it a “vanguard for advancing global governance reform.” Similarly, Bolivian President Luis Arce described the alliance as a shield against “Western unipolarity and the tyranny of the dollar.”
For decades, the U.S. dollar has been the dominant currency for international trade and oil transactions, a position many BRICS members aim to challenge. The International Monetary Fund has highlighted these ambitions as part of a growing global shift toward financial independence from the dollar.
Despite these efforts, Trump has taken a hardline stance, promising to prevent such changes during his tenure. He has pledged to impose substantial tariffs on countries like Canada, Mexico, and China, leveraging economic pressure to maintain the dollar’s supremacy and promote U.S. stability.
While current President Joe Biden and other global leaders have voiced concerns about Trump’s aggressive approach, urging him to reconsider, Trump remains resolute. He has vowed to implement these bold trade policies immediately upon taking office, signaling his administration’s focus on safeguarding the U.S. dollar’s global status.