Trump Threatens 100% Tariffs if BRICS Challenges Dollar Dominance

President Trump has escalated his stance against BRICS nations’ currency ambitions, threatening to impose 100% tariffs on countries that attempt to challenge the US dollar’s global dominance. This warning, posted on Truth Social, mirrors his November statement and comes at a crucial time when BRICS membership has expanded to include Egypt, Ethiopia, Iran, the UAE, and most recently, Indonesia. The bloc’s discussions about an alternative currency system have gained momentum following Western sanctions on Russia, though these remain preliminary. This development intersects with Trump’s broader trade strategy, including pending decisions on 25% tariffs against Mexico and Canada, which he’s leveraging to address drug trafficking and immigration concerns. Despite BRICS’ growing influence, the Atlantic Council’s research confirms the dollar’s continued supremacy in global markets, bolstered by US economic strength, tight monetary policy, and geopolitical factors.



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