Trump threatens BRICS nations with 100% tariffs if they create a rival to the US dollar.

US President Donald Trump warned BRICS nations—Brazil, Russia, India, China, and South Africa—that they could face 100% tariffs if they attempt to launch a rival currency to the US dollar. Despite Trump's statement, India, a founding member, has dismissed the idea of a BRICS currency. Trump's threat aligns with his advocacy for strict reciprocal tariffs and maintaining the US dollar's dominance in global trade.

5 weeks ago
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