President-elect Donald Trump has threatened to impose 100 percent tariffs on BRICS countries if they try to “create a new BRICS currency” or support another currency as an “alternative” to the U.S. dollar.
in post Trump says on 'Society of Truth' that BRICS countries that try to 'substitute for the strong US dollar' will 'face 100% tariffs' and should also prepare to 'say goodbye to the sell-off' of the US economy. I wrote.
BRICS, an acronym for the countries of “Brazil, Russia, India, China and South Africa,” is described as “an informal grouping of emerging economies seeking to increase their influence in the world order.” According to Council on Foreign Relations. The group was founded in 2009 and South Africa joined a year later.
The Council on Foreign Relations noted that BRICS has sought to “coordinate the economic and foreign policies of its member states, establish new financial institutions, and reduce dependence on the US dollar.”
“The idea that the BRICS countries are moving away from the dollar while we sit by is over,” Trump wrote. “We demand a commitment from these countries not to create a new BRICS currency or support any other currency to replace the mighty US dollar. We should expect to say goodbye to sales to the U.S. economy. “
“They can go find another 'duck'!” Trump added. “BRICS has no chance of replacing the US dollar in international trade, and countries aiming to do so should bid farewell to the US.”
As Breitbart News previously reported, in October BRICS announced that it had added 13 countries to the group as “partner countries.” The countries included are: Nigeria, Algeria, Uganda, Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Thailand, Turkey, Uzbekistan, Vietnam.
By 2023, Egypt, Iran, Saudi Arabia, United Arab Emirates, Ethiopia, and Argentina will invited To join BRICS, According to Reuters.
Argentina on the other hand I refused The country aimed to join BRICS, but Saudi Arabia did not accept the invitation, and Iran, Egypt, Ethiopia, and the United Arab Emirates ended up joining BRICS.
