President-elect Donald Trump threatened BRICS countries with a 100 percent tariff if they tried to “create a new BRICS Currency” or to support another currency to “replace” the U.S. dollar.
In a post on Truth Social, Trump wrote that countries in BRICS that try to “replace the mighty U.S. Dollar” would “face 100% Tariffs” and should also be prepared to “say goodbye to selling” in the United States economy.
BRICS, which stands for the countries of “Brazil, Russia, India, China, and South Africa,” is described as being “an informal grouping of emerging economies hoping to increase their sway in the global order,” according to the Council on Foreign Relations. The group was established in 2009, with South Africa joining a year later.
The Council on Foreign Relations noted that BRICS has tried to “coordinate its members’ economic and diplomatic…
