Mon Dec 02 06:47:58 UTC 2024: ## Trump Threatens 100% Tariffs on BRICS Nations Over Potential New Currency

**Washington, D.C.** – President-elect Donald Trump issued a stark warning to the BRICS nations on Saturday, threatening to impose 100% tariffs on goods from member countries if they create a new currency or support an alternative to the US dollar. In a post on Truth Social, Trump declared that the US would not stand idly by while BRICS nations, which include China and Russia, pursue such an initiative.

Trump’s statement follows recent proposals by some BRICS members, including Brazilian President Luiz Inácio Lula da Silva, to explore a common currency to reduce dependence on the US dollar. While Russian President Vladimir Putin stated that the BRICS group is not currently considering a new currency, Trump’s threat underscores his determination to maintain the dollar’s global dominance.

The BRICS group, which expanded earlier this year to include Iran, the UAE, Ethiopia, and Egypt, has become increasingly significant as a platform for emerging economies to collaborate and challenge the established global financial order. This expansion, coupled with the growing interest from other nations, represents a potential shift in global economic power dynamics that Trump appears keen to counter.

This latest threat comes just days after Trump announced plans to significantly increase tariffs on goods from Mexico, Canada, and China in response to immigration concerns. While subsequent meetings with Mexican President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau suggest ongoing negotiations, the uncertainty surrounding these tariff threats highlights the volatile economic landscape that Trump’s administration promises. The full implications of Trump’s latest pronouncements on the BRICS nations and the global economy remain to be seen.

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