Trump Threatens 100% Tariff On Brics Nations If They Try To Replace Dollar

Africa Business News

US President-elect Donald Trump has threatened to impose 100% tariffs on a bloc of nine nations if they were to create a rival currency to the US dollar. Major world powers China and Russia are part of the Brics alliance, along with Brazil, India, South Africa, Iran, Egypt, Ethiopia and the United Arab Emirates. Leading politicians in Brazil and Russia have suggested creating a Brics currency to reduce the US dollar's dominance in global trade. But internal disagreement has slowed any progress. Trump says they require a commitment from these countries that they will neither create a new Brics currency or they will face 100% tariffs and should expect to say goodbye to selling into the wonderful US economy,
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