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Trump threatens BRICS with 100% tariffs if USD replaced as reserve
Dec 02, 2024
Insights
- Donald Trump has threatened BRICS with 100 per cent tariffs if it created a new currency or back other options as the world’s reserve currency.
- “The idea that the BRICS countries are trying to move away from the dollar while we stand by and watch is OVER,” he wrote on social media.
- At the October BRICS summit, Russian President Vladimir Putin warned that the “dollar is being used as a weapon”.