In yet another aggressive move against economic rivals, President Donald Trump has issued a stark warning to the BRICS nations, threatening 100% tariffs on their goods if they attempt to challenge the supremacy of the US dollar. The statement, made on January 31 via his Truth Social platform, underscores the increasing friction between Washington and the rapidly growing economic bloc.

“The idea that the BRICS countries are trying to move away from the dollar while we stand by and watch is OVER,” Trump declared. “They can go find another sucker nation. 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 US dollar.”

His warning comes amid ongoing efforts by BRICS members to reduce reliance on the US dollar in global trade, an initiative that has gained momentum since the West imposed sweeping sanctions on Russia in 2022 following the escalation of the Ukraine conflict. The freezing of Russian reserves held in dollars and euros highlighted the vulnerability of countries dependent on Western financial institutions, prompting Moscow, Beijing, and others to explore alternative payment mechanisms.

The BRICS bloc-comprising Brazil, Russia, India, China, and South Africa-has actively sought to develop financial systems independent of the US dollar-dominated global order. The addition of new members, including Egypt, Ethiopia, Iran, the UAE, and Indonesia, has only strengthened this push.

At the October 2023 BRICS summit in Kazan, Russian President Vladimir Putin acknowledged that the transition away from the dollar would not happen overnight.........

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