If this is done then 100 percent tariff will be taken …: Trump’s BRICS countries warns on dollars
Washington:
US President Donald Trump has once again threatened to put tariffs on BRICS countries. Trump’s warning is a problem for India, because India is also a part of BRICS. US President Donald Trump has already said in a clear tone that the countries involved in the BRICS should not create any new currency that replaces dollaor nor support any other currency. If the BRICS countries do this, then they will surely have to bear the brunt of it.
Trump warns BRICS countries
Trump wrote about this that we need to confident from BRICS countries that they will neither create a new BRICS currency, nor support any other currency to change the US dollar. If they do this, they will face 100 percent tariff in return, for them the way of America market will be closed. They can find another stupid country for themselves. There is no possibility that the BRICS will replace the US dollar in the international market or elsewhere. And any country tries this, it should call Tarif Hello, and goodbye to America. “
BRICS countries will suffer losses
It is clear from this post of Trump that if there is an attempt to support any other option to start a new BRICS currency or change the dollar, then BRICS countries will have to suffer losses. Trump had also reiterated his point in the first oval office, where he had directly warned the BRICS countries against the dollar. He also dismissed the idea that the US is in a weak state, citing a statement by former President Joe Biden. Trump insisted that America has influence on BRICS countries.
100 percent tariff threatened
Trump gave similar warnings before taking over as the 47th President of America, stating that if BRICS countries launch new currency, they would face 100 percent tariff on imports in the US. Actually BRICS countries are working to reduce dependence on dollars. But this tone of Trump would surely increase the headache of BRICS countries and his expectations would have shocked.
During the 15th BRICS Summit in 2023, Russian President Vladimir Putin said that BRICS countries should expand national currencies and increase cooperation between banks. In June 2024, BRICS Foreign Ministers met in Nizhny Novgorod, Russia, where they advocated to increase the use of local currency in bilateral and multilateral trade and financial transactions between BRICS member countries.