“The idea that the BRICS countries are trying to move away from the dollar, while we stand by and watch, is over. We are going to require a commitment from these seemingly hostile countries that they will neither create a new BRICS currency, nor back any other currency to replace the US dollar or, they will face 100 per cent tariffs, and should expect to say goodbye to selling into the US economy,“ Trump said on Truth Social.
“There is no chance that BRICS will replace the US dollar in international trade, or anywhere else, and any country that tries should say hello to tariffs, and goodbye to America!” Trump wrote.
BRICS is an interstate association created in 2006 by Russia, China, India and Brazil. South Africa joined in 2011. Since the beginning of 2024, a number of other countries have joined BRICS.
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