Reiterating his warning of 100% tariffs, which he had stated immediately after winning the november presidential election, US President donald trump warned BRICS countries on thursday not to replace the US dollar as the reserve currency.
BRICS and de-dolarization
Brazil, russia, India, China, South Africa, and a few additional nations that joined in the last few years make up the BRICS alliance. Although the group lacks a common currency, long-running debates over it have picked up steam since russia was sanctioned by the West for its involvement in the conflict in Ukraine.
See Also: 'Go find another sucker': donald trump promises to impose 100% tariffs on China, India, and other BRIC nations if...
"There is no chance that BRICS will replace the US Dollar in international Trade, or anywhere else, and any Country that tries should say hello to Tariffs, and goodbye to America!," he stated.
As canada and mexico wait for trump to decide whether to carry out his promise to put 25% tariffs on the U.S.'s North American trade partners beginning february 1, he sent out his threat to the BRICS countries.
See Also: BRICS Summit 2024: After six years, China's President Xi jinping and prime minister Narendra Modi will have official meetings
Trump plans to use tariffs as leverage to solve the problem of illegal migrant crossings into the united states and to compel canada and mexico into assisting in the reduction of the flow of illegal narcotics, particularly the lethal opioid fentanyl.
BRICS and de-dolarization
Brazil, russia, India, China, South Africa, and a few additional nations that joined in the last few years make up the BRICS alliance. Although the group lacks a common currency, long-running debates over it have picked up steam since russia was sanctioned by the West for its involvement in the conflict in Ukraine.
See Also: 'Go find another sucker': donald trump promises to impose 100% tariffs on China, India, and other BRIC nations if...
"There is no chance that BRICS will replace the US Dollar in international Trade, or anywhere else, and any Country that tries should say hello to Tariffs, and goodbye to America!," he stated.
As canada and mexico wait for trump to decide whether to carry out his promise to put 25% tariffs on the U.S.'s North American trade partners beginning february 1, he sent out his threat to the BRICS countries.
See Also: BRICS Summit 2024: After six years, China's President Xi jinping and prime minister Narendra Modi will have official meetings
Trump plans to use tariffs as leverage to solve the problem of illegal migrant crossings into the united states and to compel canada and mexico into assisting in the reduction of the flow of illegal narcotics, particularly the lethal opioid fentanyl.