Trump Threatens 100% Tariff on BRICS Nations Over Dollar Challenge
President-elect Trump threatened 100% tariffs on nine BRICS nations—Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the UAE—if they undermine the U.S. dollar’s global dominance. This threat follows BRICS nations’ growing efforts towards de-dollarization, driven by concerns over U.S. control of the global financial system. Despite research suggesting the dollar’s dominance remains secure, Trump’s statement reinforces his protectionist stance and willingness to use tariffs as leverage. This action comes after similar threats against Mexico and Canada, highlighting a broader strategy of using economic pressure to achieve political goals.
John Q. Hosedrinker