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Trump Threatens BRICS with Tariffs

Donald Trump has issued a stark warning to BRICS nations, demanding they refrain from creating a new currency to rival the US dollar or face 100% tariffs. This comes amid rising concerns over the dollar's dominance and discussions of de-dollarization among emerging economies. The implications for global trade and economic relations are significant.

Trump's Tariff Threats Over Dollar Dominance

On December 2, 2024, Trump threatened to impose 100% tariffs on BRICS nations if they attempt to undermine the US dollar's status as the global reserve currency. This comes amid ongoing discussions about de-dollarization among countries like China and Russia, who are exploring alternatives to the dollar in international trade.