BRICS nations in serious trouble? Trump issues warning of 100 percent tariff if 'they play games' with the US dollar

Donald Trump has issued a serious warning for BRICS nations about imposing up to 100 per cent tariffs on the respective countries if they 'want to play games against the US dollar' by setting up their own currency, according to a latest Reuters report. This comes soon after Trump's call to impose reciprocal tariffs on countries that have high import duties on US goods in their respective nations.

Which BRICS countries could be affected?

If BRICS nations manage to put together their own currency and any trading gets through, almost all of the nations under this coalition could face 100 per cent tariffs from the United States, according to Donald Trump's recent statements, says Reuters.

BRICS nations include the likes of Brazil, Russia, India, South Africa, and China, which have strong trade relations with the United States, with China being one of the biggest exporters of their products to the United States. Egypt, Iran, the United Arab Emirates, and Saudi Arabia, are also a part of BRICS as of 2024. They could also face the same fate from the US if the international association goes ahead to trade against the dollar with their own currency.


If 100 per cent tariffs are imposed by Trump as warned, it could end up being a major trade war between the US and these BRICS nations in the coming days.

FAQs:

What are BRICS nations?
BRICS is an international association of nations like Brazil, Russia, India, South Africa, and China, among others.

Has Donald Trump imposed tariffs on BRICS nations?
Donald Trump has warned about imposing a 100 per cent tariff on BRICS nations if they 'play against the US dollar'.