3 hours ago
Last Updated:January 31, 2025, 08:17 IST
Trump had earlier warned the BRICS nations, comprising Brazil, Russia, India, China and South Africa, from taking any action to replace the US dollar.
United States President Donald Trump has threatened BRICS group nations with a 100% tariff. (AP Image)
United States President Donald Trump on Thursday said that his government needs a commitment from the BRICS member countries that they will neither create any new BRICS currency nor support any other currency which will replace the US dollar. Trump said that if the countries decide to do so, they will face 100% tariffs.
Trump had earlier warned the BRICS nations, comprising Brazil, Russia, India, China and South Africa, from taking any action to replace the US dollar.
The idea that the BRICS Countries are trying to move away from the Dollar, while we stand by and watch, is OVER. We are going to require a commitment from these seemingly hostile Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace…— Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) January 31, 2025
Washington D.C., United States of America (USA)
First Published:January 31, 2025, 08:04 IST
News world Trump Threatens BRICS Nations With 100% Tariff, Demands Commitment Over Currency
