Trump Threatens 100% Tariffs on BRICS Nations Over Dollar Alternatives

The U.S. president demands assurances from BRICS countries to avoid creating or supporting currencies that could rival the dollar, sparking strong reactions from Russia and Brazil.

Donald Trump warned BRICS nations of 100% import tariffs if they pursue alternatives to the U.S. dollar as a global reserve currency.
Trump's statement follows discussions within BRICS about reducing reliance on the dollar, though officials from Russia and India clarified there are no plans for a shared BRICS currency.
Russian officials emphasized that BRICS is focused on investment platforms and not on replacing the dollar, countering Trump's accusations.
Brazilian President Lula da Silva vowed reciprocal tariffs if the U.S. imposes duties on Brazilian goods, calling for mutual respect in international relations.
Economists warn that sweeping tariffs could lead to higher consumer prices in the U.S., as seen during Trump's previous term.