US President Donald Trump on Thursday said BRICS countries could face 100% tariffs from the US “if they want to play games with the dollar.” He said BRICS was dead, repeated his threats to BRICS countries, and that the US would not trade with bloc countries if it attempted to replace the US dollar with other currencies.
BRICS is an intergovernmental organization consisting of ten countries: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates.
“Brick was put there for a bad purpose, and most of those people don’t want it. They don’t even want to talk about it now. They’re afraid to talk about it. Because they said they wanted to play a game with dollars and they said they would be hit with 100% tariffs. They said they wanted to do it and they came back and we got to you. The day I say I ask you not to do this. Brick is dead because I said it. Brick died the moment I said it. Obama and Biden, especially, he I know you remember when you told us you were over the barrels,” Trump said. While working on a press briefing.
When asked about BRICS countries setting their own currencies, the US President said, “If the transaction is made, it will be at least 100% tariffs.”
At the beginning of January, the US president threatened to impose tariffs on BRICS countries if they attempt to introduce alternative currencies to the US dollar.
The US President issued a similar warning before taking office with the US president, saying that BRICS countries will face 100% tariffs on import duties on the US if they launch new currencies.
At the plenary meeting of the 15th BRICS Summit in 2023, Russian President Vladimir Putin said, “BRICS countries must expand their local currencies and strengthen cooperation between banks,” and called for their withdrawal. I did.
In June 2024, the Foreign Minister of BRICS met in Nizhny Novgorod, Russia, where he advocated “enhancing the use of local currencies in bilateral and multilateral trade and financial transactions between member states.”
Includes input from ANI
