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Trump threatens Brics countries: 100% tariff if they try to replace the dollar

2024-12-02 13:31:00, Kosova & Bota CNA

Trump threatens Brics countries: 100% tariff if they try to replace the dollar

US President-elect Donald Trump has threatened to impose 100% tariffs on a bloc of nine countries if they create a rival currency to the US dollar.

"The idea that the BRICS countries are trying to get away from the dollar while we stand by and watch is over," Trump wrote on social media on Saturday.

World superpowers China and Russia are part of the Brics alliance, along with Brazil, India, South Africa, Iran, Egypt, Ethiopia and the United Arab Emirates.

During the US election, Trump campaigned on widespread tariffs. He has escalated threats of higher taxes in recent days.

This latest message from Trump, who will take office next year on January 20, was aimed at Brics, a bloc of mainly developing economies.

Leading politicians in Brazil and Russia have suggested the creation of a Brics currency to reduce the US dollar's dominance in global trade. But internal strife has slowed any progress.

"We demand a commitment from these countries that they will not create a new Brics currency nor support any other currency to replace the strong US dollar or they will face 100% tariffs and have to wait say goodbye to selling in the wonderful American economy." Trump wrote on his social media platform Truth Social.

But some Trump allies have suggested that his recent announcements have been negotiating tactics, meant more as an opening offer than a promise./ CNA





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