Trump threatens BRICS nations with 100% tariffs if they move away from using the US dollar.

US President-elect Donald Trump has warned BRICS nations, including Brazil, Russia, India, China, and South Africa, that they face 100% tariffs if they attempt to create a new currency or reduce reliance on the US dollar. Trump's threat aims to maintain the US dollar's dominance in global trade, while BRICS countries have been exploring alternatives to decrease their dependence on the dollar.

November 30, 2024
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