President-elect Donald Trump on Saturday threatened to impose 100% tariffs on BRICS countries that abandon the US dollar.
President Trump has warned the economic alliance, which includes markets such as Brazil, Russia, India, China and South Africa, that the move away from the US dollar and the creation of a new BRICS currency will not be taken lightly under the next administration.
In a comment posted on Truth Social today, President Trump warned the nine BRICS (Brazil, Russia, India, China, and South Africa) countries to oppose the creation of a new currency. pic.twitter.com/Jf6jDKSELh
— Daily Caller (@DailyCaller) November 30, 2024
“We are done with the idea that the BRICS countries are going to move away from the dollar while we stand by. We want a promise not to support the currency or we should expect to face 100% tariffs and say goodbye to our great bid for the US economy.” Posted In true social.
“They can go find another 'duck'!” BRICS has no chance of replacing the US dollar in international trade, and countries that aspire to do so should say goodbye to the US, he added.
After Russia faced global sanctions over its war with Ukraine, Russian President Vladimir Putin wanted to position the BRICS, which includes Egypt, Ethiopia, Iran and the United Arab Emirates, as an alternative platform for international payments. It is reported that. Reuters Reported in October.
President Trump hit the ground running in earnest earlier this month, threatening to impose 25% tariffs on all products until the governments of Mexico and Canada take steps to limit the onslaught of drugs and illegal immigration entering the United States. . (Related: President Trump nominates Jamieson Greer as trade chief)
Mexican President Claudia Sheinbaum has publicly indicated that she plans to retaliate if Trump's tariffs become a reality, while Canadian Prime Minister Justin Trudeau met with Trump at Mar-a-Lago on Friday. , held a constructive dialogue.
“I just recently had a very fruitful meeting with Canadian Prime Minister Justin Trudeau, where we talked about how our two countries can work together to address issues such as the drug crisis that has taken so many lives due to fentanyl and illegal drugs. We discussed a number of important issues that need to be addressed: “immigration, fair trade agreements that don't put American workers at risk, and the huge trade deficit that the United States has with Canada,'' President Trump said. said. I wrote on Saturday Truth Social. “I have made it clear that the United States can no longer stand by and watch our people fall victim to the scourge of this drug epidemic, caused primarily by drug cartels and fentanyl coming from China. There are too many hardships!”
Canadian Prime Minister Justin Trudeau meets with President-elect Trump at Mar-a-Lago. pic.twitter.com/FnsXNYbLO6
— Benny Johnson (@bennyjohnson) November 30, 2024
“Prime Minister Trudeau has committed to working with us to end this horrific devastation to American families,” the president-elect continued. “We also discussed a number of other important topics, including energy, trade and the Arctic, all of which are important issues that I intend to address on or before my first day back in office.”
