Trump threatens BRICS with tariffs if they replace US dollar
Trump threatens BRICS with tariffs if they replace US dollar
www.dw.com Trump threatens BRICS with tariffs if they replace US dollar – DW – 01/31/2025
US President Donald Trump has threatened BRICS nations with 100% tariffs if they replace the US dollar as reserve currency. He has also threatened Canada and Mexico with tariffs.
Summary
Trump has threatened BRICS nations with 100% tariffs if they attempt to replace the US dollar as the global reserve currency, calling them “seemingly hostile countries.”
BRICS, which includes major economies like China, India, and Russia, has been discussing an alternative reserve currency, especially after Western sanctions on Russia.
The power of the US dollar in the world has strengthened recently. It remains the world's primary reserve currency and there is a huge worldwide reliance on it.