Trump threatens BRICS countries with 100% tariffs

President Donald Trump of the United States has threatened the BRICS group of emerging economies with tariffs of 100 per cent if they move away from the US dollar as an international means of payment.

Trump issued the threat on his social media platform, Truth Social.

“The idea that the BRICS Countries are trying to move away from the Dollar, while we stand by and watch, is over.

“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.

“If not, they will face 100 per cent Tariffs, and should expect to say goodbye to selling into the wonderful US Economy,” Trump said.