President Donald J. Trump is putting BRICS nations on notice over its desired separation from the U.S. dollar.
Brazil, Russia, India, China, and South Africa (BRICS) allied to grow their economies and compete with the U.S. and Europe.
Trump blasted BRICS countries, which have been increasing trade among themselves, over exploring an alternative to the U.S. dollar.
“The idea that the BRICS Countries are trying to move away from the Dollar, while we stand by and watch, is OVER,” Trump stated on Truth Social Thursday.
The BRICS coalition has been spreading to other countries as it seeks to grow and move away from the U.S. dollar as the world’s reserve currency, potentially reducing its demand.
“We are going to require a commitment from these seemingly hostile Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy,” Trump continued.
“They can go find another sucker Nation. There is no chance that BRICS will replace the U.S. Dollar in International Trade, or anywhere else, and any Country that tries should say hello to Tariffs, and goodbye to America!
Donald Trump just ENDED BRICS
He’s promising 100% tariffs if they abandon the US Dollar. How much would that cost BRICS (Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates) per year?
That estimated total is $1.6 TRILLION PER YEAR pic.twitter.com/ZOd58ovYFV
— Wall Street Apes (@WallStreetApes) January 31, 2025
Dmitry Peskov, Kremlin spokesman, denied an attempt by BRICS to form a new currency and suggested that Trump is not getting accurate information from his staff, Mediaite reported.
The BRICS Summit in Kazan late last year composed of 33 countries, however, was reportedly taking place to grow the alliance and advance the “de-dollarization” by forming a new currency as part of its agenda.
The future of humanity will not be dominated by the US elections but by the outcomes of the BRICS Summit in Kazan.
BRICS will not only deal with its own institutional and organizational agenda, deepening institutional integration, deepening economic integration, creating an… pic.twitter.com/xK7PR1BG7e
— pocalypsis pocalypseos (@apocalypseos) October 21, 2024
Trump received plenty of praise for this tough stance to protect the U.S. dollar:
Trump’s not messing around! He’s like, “You wanna ditch the dollar? Fine, but don’t expect to keep doing business with us. Tariffs incoming, and good luck finding another market as sweet as America!” It’s a bold move, telling BRICS to back off or back out.
— TRUTH SEEKER FOR THE PEOPLE (@Jraydogg82) January 31, 2025
Thank you, President Trump. This is one of the most important issues and most people don’t understand the first thing about it, but it would be absolutely devastating if the $ dollar was knocked off of the IMF and not the international monetary exchange currency.
— CRTruthcrusader⚖️️ (@ccarneyrichman) January 31, 2025
We really need to start switching to doing business only with countries who play ball.
We have to get China out of our farmland and start phasing them out of our enconony.— SgtHulka (@4everNblujeans) January 31, 2025
Protecting the strength of the US dollar is vital for our economic sovereignty. Trump’s decisive action to prevent the creation of a competing currency by BRICS countries is a strong move to keep America economically independent & dominant. We all should stand by this…
— NotMe (@PrncssMischief) January 31, 2025
Others expressed doubt:
No because china and rest of the countries have ed usa market. Without usa market their economy will collapse if they can’t find similar market that would accept their tariff for imports.
— angrybaby (@angrybabytalk) January 31, 2025
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