Trump Slams BRICS, Threatens 100% Tariffs
WASHINGTON, DC - FEBRUARY 12: U.S. President Donald Trump takes a question from a reporter after Tulsi Gabbard is sworn in as Director of National Intelligence in the Oval Office at the White House on February 12, 2025 in Washington, DC. Gabbard, who will oversee the 18 intelligence agencies and serve as Trump's advisory on intelligence, was confirmed by the Senate 52-48. (Photo by Andrew Harnik/Getty Images)
President Donald Trump warns BRICS nations could be hit with 100% tarrifs.
In a recent statement, U.S. President Donald Trump dismissed the BRICS nations’ efforts to establish an alternative currency, labeling the bloc as “dead.” This comment comes amid ongoing discussions within BRICS—comprising Brazil, Russia, India, China, and South Africa—about creating a new currency to challenge the U.S. dollar’s global dominance.
The BRICS nations have been exploring the development of a common payment system, known as “BRICS Pay,” which aims to facilitate transactions in local currencies and reduce reliance on the U.S. dollar. This initiative is part of a broader strategy to enhance financial cooperation and promote a multipolar economic order.
In response to these developments, President Trump has issued a stern warning, threatening to impose 100% tariffs on BRICS countries if they proceed with creating their own currency. He emphasized that any trade transactions conducted under such a new currency would trigger these tariffs, signaling strong U.S. opposition to measures perceived as undermining the dollar’s supremacy.
Analysts suggest that the BRICS nations’ move to develop an alternative currency reflects their desire to mitigate the influence of the U.S. dollar in international trade and finance. However, the feasibility and potential impact of such a currency remain subjects of debate among economists and policymakers.
As the situation evolves, it remains to be seen how the BRICS nations will navigate the challenges associated with establishing a new currency and how the U.S. will respond to these initiatives in the context of global economic dynamics.
Courtesy of Hindustan Times
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