“As a BRICS country, we would impose 100 percent tariffs if…”: US President Trump talks about de-dollarization

US President Donald Trump on Monday (local time) reiterated his threat to the BRICS countries, threatening to impose 100 percent tariffs on trade with the US if countries in the group continue their de-dollarization efforts. He said that it would be. “As a BRICS country…if they even think about doing what they think, they’re going to impose 100 percent tariffs. So,” Trump told the media during a signing ceremony in the Oval Office. They will soon abandon it,” he said, referring to the decline in the use of the dollar in world trade.

Trump added that his comments should not be seen as a threat, but rather as a clear position on the issue.

The president also referred to former US President Joe Biden’s comments, suggesting that Biden suggested the US was in a weak position on the issue, something Trump disagreed with and said the US BRICS countries claim they have no intention of doing so. They can move forward with their plans.

“If the BRICS countries want to do that, that’s fine, but we’re going to impose at least 100 percent tariffs on the trades they do with the United States… That’s not even a threat. In fact, I’ve since said Biden “They’re putting more than a barrel of pressure on us,” Trump said, “No, we’re putting more than a barrel of pressure on them, and there’s no way they can do that.” the president added.

Before becoming the 47th president of the United States, President Trump threatened to impose 100 percent tariffs on all imports from BRICS countries if they dared to launch their own currencies. BRICS countries were already working to reduce the dollar’s dominance. During the plenary session of the 15th BRICS Summit via video conference in 2023, Russian President Vladimir Putin called for de-dollarization, and BRICS countries need to expand payments in their own currencies and strengthen cooperation among banks. He emphasized that there is.

In June 2024, the foreign ministers of the BRICS countries met in Nizhny Novgorod, Russia, and called for stronger use of local currencies in bilateral and multilateral trade and financial transactions between member countries.