Washington, January 31, 2025: President Donald Trump has warned BRICS nations that they will face 100% tariffs if they attempt to replace the U.S. dollar (USD) as the global reserve currency. Trump reiterated his firm stance against any efforts to challenge the dollar’s dominance, emphasizing its critical role in global financial stability and the U.S. economy.
BRICS countries, including Brazil, Russia, India, China, and South Africa, have been exploring alternatives to the USD for international trade, particularly amid rising tensions with the U.S. Trump’s comments are seen as a direct response to these discussions, with analysts speculating that such threats could heighten global trade tensions and provoke swift U.S. action against any attempts to weaken the dollar’s position.
