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US President-elect Donald Trump threatened to levy 100% tariffs on BRICS -- a China- and Russia-led group of nations with emerging economies -- if the countries decide to issue their own currency.
Trump has floated steep tariffs on the BRICS group before. Last year, he threatened countries with a 100% tariff if they backed “any other currency to replace the mighty U.S. dollar.”
We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and ...
Brics alliance consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates. ... including the imposition of 100 per cent tariffs on goods imported ...
WASHINGTON − President-elect Donald Trump threatened the BRIC group of emerging-market nations on Saturday, warning that he would impose 100% tariffs if they make any moves to undermine the U.S ...
In November 2024 in a post on Truth Social, United States president-elect Donald Trump threatened a 100% United States tariff on countries that pursued a BRICS currency or moved to favor another currency instead of the U.S. dollar. [214] [215] As US President he announced the same on his first day in office during his second term.
Trump on Thursday warned off BRICS member countries from replacing the U.S. dollar as a reserve currency by repeating a threat of 100% tariffs he had made weeks after winning the November ...
While campaigning for his second term as U.S. president, Trump vowed to implement even larger tariffs, including a 60% tariff on China, 100% on Mexico, and 20% on all other countries. He also proposed using tariffs to penalize American companies that outsourced manufacturing, such as imposing a 200% tariff on John Deere . [ 2 ]