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BRICS, Trump and tariffs
Trump threatens 100% tariff on BRICS countries if they pursue creating new currency
President-elect Donald Trump said he would require countries that are part of BRICS — a China- and Russia-backed group of emerging economies — to commit to not creating new currency or face 100% tariffs during his administration.
Why is Trump threatening a 100% tariff on the BRICS nations?
Donald Trump said the U.S. would hit Brazil, Russia and six other countries with a crushing tariff if they sought to challenge the dollar.
Trump Wields Tariff Threat Against Russia and China-Backed BRICS Trade Alliance
Trump threatened the trade bloc with 100-percent tariffs should it attempt to create its own form of currency to undermine the U.S. dollar.
8h
on MSN
China Reacts to Trump's BRICS Threat
President-elect Donald Trump on Saturday warned members of the bloc against any attempt to supplant the dollar.
13h
Kremlin says Trump threat to BRICS nations over US dollar will backfire
The Kremlin said on Monday that any U.S. attempt to compel countries to use the dollar would backfire after U.S.
Supply Chain
3h
Trump Threatens BRICS Nations with 100% Tariffs
BRICS nations have talked about the idea of a new common currency to reduce their reliance on the American dollar for years.
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