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News in English (USA) / 30.11.2024 / 23:00

Trump Threatens 100% Tariffs on BRICS Nations Over US Dollar Support

In a strong warning to the BRICS nations, former President Trump has announced plans to impose 100% tariffs on countries within the bloc if they proceed with actions to undermine the US dollar. Trump emphasized the importance of these nations maintaining their commitments to using the dollar and cautioned that any attempts to replace it could lead to severe economic repercussions, including substantial tariffs. He remarked that the potential abandonment of the dollar would signal a significant shift in global economic dynamics, urging BRICS countries to reconsider their strategies to avoid dire consequences.
Yahoo Finance, Axios, The Washington Post, The Times of India, Reuters, Bloomberg, Newsweek, Financial Times, National Review, South China Morning Post