Former President Trump threatens 100% tariffs if BRICS nations abandon the US dollar.

Former US President Donald Trump has warned BRICS nations—Brazil, Russia, India, China, and South Africa—not to replace the US dollar as the global reserve currency, threatening 100% tariffs if they do. These threats come amid discussions within BRICS about reducing reliance on the US dollar, especially since Western sanctions were imposed on Russia. Despite these discussions, the US dollar remains the dominant global currency, according to a study by the Atlantic Council.

2 months ago
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