If Rs countries attempted to substitute the US dollars for another currency, President Donald Trump has once more warned them of a 1 % tariff. He advised them to “go get another sucker nation.”
Sharing a blog on Truth Social, Trump said,” The idea that the Brics Countries are trying to walk away from the Money, while we stand by and watch, is OVER. We will need a pledge from these ostensibly hostile nations that they will both create a new British currency nor support any other currencies to replace the powerful US dollar, nor that they will be subject to 100 % tariffs, and that they should anticipate saying goodbye to selling into the great US economy.
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” They may go find another junkie State. There is no possibility that Brics will change the US Dollar in global trade, or anywhere else, and any nation should greet taxes and American visitors as a welcome change. he added.
The declaration emphasised Trump’s position regarding de-dollarisation, cautioning Brics nations that they must preserve the US currency’s role in global industry or encounter financial repercussions.
Trump’s comment on Rs nations—which include Brazil, Russia, India, China, and South Africa, along with newer people such as Iran, Egypt, Ethiopia, and the UAE—underscore his strong opposition to economic shifts that may undermine US economic dominance in world markets.
Trump had earlier stated this place at a signing ceremony held at the Oval Office, where he warned allies of the world’s nations against abstaining from the dollar.
” As a Brics country… they’ll have a 100 per cent tax if they so much as also think about doing what they thought, and so they’ll give it up immediately”, Trump had earlier said, media company ANI reported.
” It’s not even a threat. In fact, since I made that statement, Biden said, they have us over a barrel. I said, No, we have them over a barrel. And there’s no way they’re going to be able to do that”, he added.
Before becoming the 47th US President, Trump had previously warned that if countries attempted to introduce a new currency, they would be subject to 100 % import tariffs. His latest remarks reaffirm his administration’s commitment to safeguarding the US dollar’s dominance in global trade.
Brics nations continue to work to reduce dollar dependence. Vladimir Putin, the 15th Brics Summit leader, argued that” Brics countries must expand settlements in national currencies and enhance cooperation between banks.” At the meeting in 2023, Vladimir Putin urged de-dollarization.
