In a stark warning delivered during his recent statements, former President Donald Trump indicated that nations comprising the BRICS group could potentially face tariffs as high as 100% by the year 2025. The warning arrives in light of increased discussions regarding the movement away from the U.S. dollar in global trade, a phenomenon some are calling de-dollarization. While speaking during a rally, Trump asserted his stance against countries that are perceived to be undermining the dollar’s dominance. ‘If they want to go away from the dollar, then they better be careful because the consequences will be severe,’ he stated, expressing concerns over losing economic influence. The BRICS nations, which include Brazil, Russia, India, China, and South Africa, have been engaging in discussions about creating a common currency for trade among themselves, further amplifying fears in Washington. Trump’s remarks coincide with Indian Prime Minister Narendra Modi’s visit to the U.S., where discussions about trade and economic relations highlight the complexities of U.S.-BRICS interaction. ‘We are open to dialogue, but we will not be ambushed by these nations trying to dethrone the dollar,’ Trump added. With ongoing negotiations in BRICS about reducing reliance on the dollar, Trump’s warning may have significant implications for future U.S. trade policy and international economic relations.
Trump Warns BRICS Nations of Potential 100% Tariffs Amid De-dollarization Concerns
