China and Russia were put on their heels by what Donald Trump just said
America is going to be respected again when Trump is in office. It’s just a matter of time.
And now China and Russia were put on their heels by what Donald Trump just said.
President-elect Donald Trump is turning up the heat on the China- and Russia-led BRICS alliance, warning of steep 100% tariffs if the group moves forward with plans to introduce its own currency.
The nine-nation bloc, along with dozens of prospective members, has hinted at creating a common currency to reduce dependence on the U.S. dollar — a move Trump says his administration will not tolerate.
“The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,” Trump declared on Truth Social.
The acronym BRICS refers to its founding members: Brazil, Russia, India, China, and South Africa.
Trump added, “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 U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful US Economy.”
Founded in 2011, BRICS has grown to include Iran, the United Arab Emirates, Ethiopia, and Egypt, with Saudi Arabia set to join soon.
Over 30 other nations have expressed interest in aligning with the economic bloc.
Last year, Brazilian President Luiz Inácio Lula da Silva floated the idea of a unified BRICS currency, akin to the euro, to decrease reliance on the dollar.
Such a system could enable member nations like Russia, China, and Iran to sidestep Western sanctions and strengthen China’s global influence while challenging U.S. dominance.
While the concept has gained attention, experts remain skeptical that the diverse BRICS nations — each with unique economic and political priorities — can unite around a single currency.
Nevertheless, Trump’s threat of tariffs underscores his administration’s determination to block any attempt to weaken the dollar’s global role.
Tariffs remain a cornerstone of Trump’s economic strategy as he readies for his return to the White House.
Last week, the president-elect announced plans for a sweeping 25% tariff on all imports from Mexico, Canada, and China, effective on his first day in office.
“The tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!” Trump wrote on social media.
Trump also vowed to hit China with an additional 10% tariff on top of existing penalties, citing Beijing’s failure to curb the flow of illicit fentanyl into the United States.
The aggressive trade policy is shaping up to be a defining feature of his administration’s approach to both economic and geopolitical challenges.
Stay tuned to the DC Daily Journal.
