In a bold statement released on Sunday, U.S. President-elect Donald Trump reaffirmed his stance on the global dominance of the U.S. Dollar, warning the BRICS nations—Brazil, Russia, India, China, and South Africa—against any efforts to move away from the Dollar in international trade.
Trump declared that the notion of BRICS countries trying to replace the Dollar is “over,” and that the U.S. would not stand by idly if such attempts were made. He demanded that these nations provide a clear commitment to refrain from creating a new BRICS currency or backing any other alternative to the Dollar.
“Any country that tries to replace the U.S. Dollar should expect 100% tariffs and say goodbye to selling into the wonderful U.S. economy,” Trump wrote in his Facebook post. “They can go find another ‘sucker,'” he added, making it clear that the U.S. would not tolerate any efforts to challenge the Dollar’s supremacy in global trade.
The post reflects Trump’s ongoing focus on economic nationalism and his approach to maintaining America’s economic power. He emphasized that there is “no chance” the BRICS countries could successfully replace the U.S. Dollar and that nations seeking to do so would face severe consequences, potentially severing trade ties with the U.S. entirely.
The comments are likely to escalate tensions between the U.S. and the BRICS nations, which have occasionally discussed alternatives to the Dollar, particularly in light of global shifts in trade and finance. However, Trump’s position signals a firm commitment to ensuring the Dollar remains the dominant global reserve currency.
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