US President-elect Donald Trump warned that he would impose a 100% tariff will be imposed on any BRICS nation attempting to replace the US dollar in international trade, as discussions about the dollar's transition have intensified.
Recently, several BRICS nations have been discussing the transition from using the US dollar by creating their own currency. The BRICS economic cooperation group comprises Brazil, Russia, India, China, South Africa, and now includes Iran, Egypt, Ethiopia, and the UAE. Last October, Malaysia was officially recognized as a BRICS partner alongside 12 other countries.
Following the US sanctions on Russia in 2022 due to its special military operation in Ukraine, discussions about the dollar's transition have intensified. US President-elect Donald Trump, viewing this as a threat, warned he would impose 100% tariffs on any BRICS nation attempting to replace the US dollar in international trade. Trump demanded that these nations remain committed to using the dollar as their reserve currency and avoid creating a new BRICS currency or supporting alternative options
Donald Trump BRICS US Dollar International Trade Currency Transition
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