US President Donald Trump has again promised to impose 100% import tariffs on BRICS countries if they try to create a new currency or other alternative to the US dollar in world trade.
“We will require these countries to commit that they will not create a new BRICS currency or maintain another currency to replace the mighty US dollar, or they will face 100% tariffs and will have to say goodbye to the ability to sell goods to the great American economy,“ Trump wrote on Truth Social on Thursday.
“The idea that the BRICS countries are trying to retreat from the dollar while we stand by and watch, is over. There is no chance that the BRICS will replace the US dollar in international trade or anywhere else. And any country that tries to do that should say: “Hello, tariffs and goodbye, America“, the US president concluded.
Earlier, Trump said that he would impose 100% tariffs on goods from the BRICS countries if they create a new currency or abandon the dollar. The Russian position is that "we are not attacking the dollar, but drawing conclusions from Washington's wrong policy".