Trump Warns of Potential 100% Tariff on BRICS Countries for Undercutting US Dollar: NDTV

In a bold and unprecedented move, President Donald Trump has threatened to impose a 100% tariff on BRICS countries – Brazil, Russia, India, China, and South Africa – if they attempt to undermine the dominance of the US dollar in international trade.

Trump made the announcement during a press conference at the White House, where he emphasized the importance of maintaining the strength of the US dollar as the world’s primary reserve currency. He accused the BRICS countries of engaging in unfair trade practices and devaluing their currencies in order to gain a competitive advantage over the United States.

“We will not stand idly by while our trading partners attempt to undercut the US dollar and manipulate their currencies,” Trump declared. “If the BRICS countries continue to engage in these harmful practices, we will have no choice but to impose a 100% tariff on all goods and services imported from these countries.”

The threat of a 100% tariff on BRICS countries has sent shockwaves through the global economy, with experts warning of potential trade wars and disruptions to international commerce. The BRICS countries have yet to respond to Trump’s ultimatum, but tensions are expected to escalate in the coming days.

Critics of Trump’s tariff threat argue that such a drastic measure could have severe repercussions for the global economy, leading to higher prices for consumers and sparking retaliatory actions from other countries. However, supporters of the President applaud his tough stance on trade and believe that protecting the US dollar is vital for the country’s economic interests.

As the world waits to see how the BRICS countries will react to Trump’s ultimatum, one thing is certain – the future of international trade hangs in the balance as tensions between the United States and its trading partners continue to escalate.