Trump Threaten To Impose 100% On BRICS Countries
President-elect Donald Trump has threatened to impose 100% tariffs on countries that are part of the BRICS group if they create a new currency. The BRICS group consists of Brazil, Russia, India, China, and South Africa, and has recently expanded to include Iran, Saudi Arabia, the United Arab Emirates, Ethiopia, and Egypt.
Trump made the announcement on social media, stating that the idea of BRICS countries moving away from the US dollar while the US stands by and watches is “OVER.” He demanded that these countries commit to not creating a new currency or face 100% tariffs.
The BRICS group has been discussed as a potential challenger to the US dollar, with some member countries proposing the creation of a common currency. However, the chances of a new currency are slim due to the alliance’s economic and geopolitical differences.
The BRICS group was formed in 2009 as a way for emerging economies to cooperate on economic and financial issues. The group has since grown to include 11 member countries, and has become a major player in global economic affairs.
Trump’s threat comes days after he pledged to impose massive hikes in tariffs on goods coming from Mexico, Canada, and China. The move is seen as a retaliation for illegal immigration and “crime and drugs” coming across the border.
The president-elect’s economic threats have sparked controversy and raised concerns about the potential impact on global trade and economies. As the situation continues to unfold, it remains to be seen how Trump’s policies will shape the global economic landscape.
The BRICS group has been seen as a potential challenger to the US dollar, and Trump’s threat is likely an attempt to maintain the dollar’s dominance in global trade. However, the move has sparked concerns about the potential impact on global trade and economies.
In the end, Trump’s threat to impose 100% tariffs on BRICS countries has sent a clear message that he will not hesitate to take bold action to protect American economic interests. As the world watches to see how this situation unfolds, one thing is certain: Trump’s presidency will be marked by a willingness to challenge the status quo and push for American dominance on the world stage.
