Trump Threatens 100% Tariffs on BRICS Nations Over Dollar Replacement Efforts

The U.S. president demands BRICS countries abandon plans to reduce reliance on the dollar or face severe economic consequences.

President Donald Trump reiterated his threat to impose 100% tariffs on BRICS member nations if they pursue a new reserve currency or back alternatives to the U.S. dollar.
The BRICS bloc, which includes Brazil, Russia, India, China, and South Africa, as well as newer members like Indonesia and Iran, has been exploring ways to reduce dollar dependence in trade.
Russia and China have led discussions on de-dollarization, but the Kremlin clarified that there are no current plans for a unified BRICS currency.
India, a BRICS member and key U.S. trade partner, has dismissed the threat as unfounded, emphasizing no active plans to replace the dollar.
Trump’s tariff threats come alongside announced tariffs on Canada and Mexico, part of his broader trade policy aiming to protect U.S. economic dominance.