Breaking news:
Indian Sailor Dies After Drone Boat Strikes Oil Tanker Near Oman | Khamenei’s Wife Dies From Injuries Two Days After Iran Leader’s Killing | “Got Him Before He Got Me”: Trump on Khamenei’s Death in US-Israel Strikes
Logo

Trump Threatens 100% Tariffs on BRICS Nations if They Pursue Alternative to US Dollar

Donald Trump warns BRICS countries against creating or supporting a currency to replace the US dollar, threatening severe tariffs and loss of access to the US market 

01-12-2024
image
   

US President-elect Donald Trump on Saturday issued a strong warning to the BRICS nations, demanding that they refrain from creating or endorsing a new currency that could potentially replace the US dollar in global trade. In a post on his social media platform, Truth Social, Trump threatened that any country attempting to substitute the US dollar would face 100% tariffs on their exports to the United States.

"We require a commitment from these countries that they will neither create a new BRICS currency nor back any other currency to replace the powerful US dollar. If they don’t, they will face 100% tariffs and should expect to lose access to the US economy," Trump stated.

He further added, "They can go find another 'sucker'. There's no chance the BRICS will replace the US Dollar in international trade, and any country that tries should say goodbye to America."

Image

India Expresses Condolences Over Khamenei’s Death, Foreign Secretary Meets

New Delhi conveyed sympathies to Iran after the death of Supreme Leader Ali Khamenei, signalling a s

Read More
Image

Russia Offers Additional Oil Supplies to India as Strait of Hormuz Crisis Thr

Moscow is prepared to reroute crude shipments to India to cushion potential supply disruptions cause

Read More
Image

Russia Offers Emergency Energy Supplies to India as Gulf Crisis Threatens Glo

Russia has signalled readiness to supply additional oil and energy to India if tensions in West Asia

Read More