President-elect Donald Trump threatened to levy 100% tariffs

Trump on BRICS: On Saturday, November 30, US President-elect Donald Trump threatened to levy 100% tariffs on the nine nations if they took any action that would devalue the US dollar. In reality, he was threatening the nations that make up the so-called BRIC alliance. Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates are all included in this.
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 Many additional nations have expressed interest in joining, and Turkey, Azerbaijan, and Malaysia have also sought to join. The US dollar is actually the most widely used currency in international trade and has weathered threats to its dominance in the past. Meanwhile, several developing nations and alliance members express their frustration with America's hegemony over the world financial system. What took place In danger, what did Trump say? "We need a commitment from these countries that they will not create a new BRICS currency or support any other currency to replace the powerful US dollar," Donald Trump stated in a Truth Social post. If not, they would be subject to 100% tariffs and would have to bid farewell to selling into the thriving US market. In fact, Russian President Vladimir Putin labelled the United States' weaponization of the dollar a grave error during the October BRIC conference. What fears does Trump have? According to Putin, we are not the ones who oppose using the dollar. What can we do, though, if they won't let us work? We have no choice except to search for alternatives. Let's tell you Russia has placed special emphasis on developing a new payment system that will serve as a substitute for SWIFT, the international bank messaging network, and enable Moscow to deal with partners while evading Western sanctions.According to Trump, there is no chance that the BRIC nations will ever overtake the US currency in international trade, and any nation that attempts to do so should bid America farewell.

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