Trump Threatens Tariffs on BRICS Nations Over De-Dollarization Efforts

President Trump mistakenly identifies Spain as a BRICS member while reiterating 100% tariff threats against the economic bloc.

President Donald Trump announced plans for 100% tariffs on BRICS nations if they pursue efforts to reduce reliance on the US dollar in global trade.
Trump incorrectly referred to Spain, a NATO and EU member, as part of BRICS, which comprises Brazil, Russia, India, China, and South Africa, along with newer members like Iran and the UAE.
The BRICS bloc has been exploring de-dollarization, including potential trade in local currencies or a new common currency, which Trump views as a threat to US financial dominance.
Spain's government clarified its NATO allegiance and dismissed Trump's remark as a mix-up, emphasizing its partnership with the US.
Economic experts warn that steep tariffs could harm US consumers by raising prices and may not deter BRICS nations from their financial strategies.