Trump Warns BRICS of 100% Tariffs Over Dollar Dispute

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Source: Business Insider
Trump Warns BRICS of 100% Tariffs Over Dollar Dispute
Photo: Business Insider
TL;DR Summary

President-elect Donald Trump has threatened to impose 100% tariffs on the BRICS nations—Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the UAE—if they attempt to move away from the US dollar as the global reserve currency. This comes amid efforts by these countries to assert their economic power and Russia's criticism of the US for "weaponizing" the dollar. Trump's remarks follow his recent threats of 25% tariffs on imports from Canada, China, and Mexico, citing issues like drug flow and illegal migration.

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