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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.
2 months ago
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