Trump's 100% Tariff Threat Looms Over BRICS Currency Plans

US President-elect Donald Trump has threatened to impose 100% tariffs on BRICS nations if they pursue a rival currency to the US dollar. This move is part of Trump's broader strategy of using tariffs as leverage in international trade negotiations. While some see these threats as negotiation tactics, Trump's economic vision includes using tariffs to protect US jobs and raise revenue, despite economists warning that the costs are often borne by US consumers. The BRICS bloc, which includes major economies like China and Russia, has considered creating a new currency to reduce reliance on the dollar.