President-elect of the United States of America, Donald Trump has threatened to impose a 100 percent tariff on the BRICS group nations if they undercut the US dollar.
The statement comes after a BRICS summit held last month in Kazan, Russia, where the countries discussed boosting non-dollar transactions and strengthening local currencies.
Speaking on his Truth Social website, Trump expressed that he requires a commitment that there will be no creation of a new BRICS Currency, nor backing of any other Currency to replace the US Dollar or, they will face 100 percent Tariffs.
Trump has also vowed to pursue a protectionist agenda, threatening hefty tariffs on neighbors and rivals.
