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Trump demands 'commitment' from BRICS nations on using dollar

Bloomberg
Bloomberg • 3 min read
Trump demands 'commitment' from BRICS nations on using dollar
World leaders during the BRICS Summit in Johannesburg, South Africa, on Aug. 24, 2023. Photographer: Per-Anders Pettersson/Getty Images Europe / Bloomberg
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US President-elect Donald Trump warned the so-called BRICS nations that he would require commitments that they would not move to create a new currency as an alternative to using the US dollar and repeated threats to levy a 100% tariff.

“The idea that the BRICS Countries are trying to move away from the dollar while we stand by and watch is OVER,” Trump said in a post to his Truth Social network on Saturday.

“We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty US Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful US Economy,” he added.

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