President Trump threatens BRICS countries with 100% tariffs if they float currency rivaling US Dollar

Admin I Sunday, December 01, 2024

 

WASHINGTON – President elect of the United States, Mr. Donald Trump has threatened BRICS countries with100 percent tariffs if they go ahead to float BRICS currency to rival the US Dollar.

Trump who was concerned about many countries moving away from the United States Dollar said the development is worrisome whereas nothing is being done about it.

He the BRICS countries will not only face 100% tariffs but that they should also expect to say goodbye about selling into the U.S market.

He said BRICS countries will however prevent these harsh measures with a commitment that there will be no rival currency.

Trump said any country that tries it should say goodbye to America.

His exact words:

“The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER.

“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 should expect to say goodbye to selling into the wonderful U.S. Economy.

“They can go find another “sucker!” There is no chance that the BRICS will replace the U.S. Dollar in International Trade, and any Country that tries should wave goodbye to America”.

BRICS was formed to counter the growing influence of the United  States and the G7 countries.

The Group of Seven (G7) countries are Canada, France, Germany, Italy, Japan, the United Kingdom, the United States and countries in the European Union.