Sun Dec 01 12:28:26 UTC 2024: ## Trump Threatens 100% Tariffs on BRICS Nations Over Dollar Challenge

**Washington D.C.** – President-elect Donald Trump issued a stark warning to the BRICS nations on Monday, threatening to impose a 100% tariff on their goods if they attempt to undermine the US dollar’s dominance in international trade. In a post on his Truth Social platform, Trump stated that any effort by the BRICS group – comprising Brazil, Russia, India, China, South Africa, and several newer members – to create a new currency or back an alternative to the dollar would be met with immediate and substantial trade penalties.

Trump’s threat follows a recent BRICS summit in Kazan, Russia, where member nations discussed increasing transactions in local currencies and reducing reliance on the dollar. While the summit resulted in a declaration supporting the strengthening of local currency settlements, Russian President Vladimir Putin clarified that no concrete steps were taken towards creating a BRICS-specific currency or alternative to the SWIFT international payment system.

Despite Putin’s assurances, Trump remains unconvinced, asserting that the BRICS nations pose a threat to the US dollar’s global hegemony. He vowed to protect the American economy, warning that any attempt to challenge the dollar would result in complete exclusion from the US market. The BRICS group, while representing a significant portion of the global economy, faces a considerable challenge in displacing the dollar’s entrenched position in international finance. Trump’s aggressive stance underscores his commitment to a protectionist trade policy and his determination to maintain the US dollar’s dominance.

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