Trump’s Threat: 100% Tariffs Await BRICS if They Dare Dethrone the Dollar!
Former US President Donald Trump has drawn a strong line in the sand, threatening to impose a startling 100% tariff on the exports of BRICS countries if they dare to challenge the US dollar’s hegemony. This is an explosive new salvo directed at these countries. The stakes for the future of international trade are larger than ever before, and that much is obvious.
“Move Against the Dollar, Say Goodbye to the US Market!”
Trump outlined his requests in a scathing piece published on Truth Social on Friday:
“The idea that the BRICS Countries are trying to move away from the Dollar, while we stand by and watch, is OVER,” Trump tweeted. Along with its expanding allies Egypt, Iran, and others, the BRICS bloc—which stands for Brazil, Russia, India, China, and South Africa—has been stepping up its attempts to lessen trade’s reliance on the powerful dollar. Trump, however, is not amenable to it. He continued by cautioning:
“We are going to require a commitment from these seemingly hostile 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.”
This fierce rhetoric, though similar to his post-election remarks in 2024, raises alarms for the economic future of emerging global powers.
The Economic Clash: BRICS vs. Dollar
From Western sanctions on Russia to a desire for more economic sovereignty, the BRICS countries have long contemplated moving away from the dollar. Although regional trade agreements employing national currencies are already in place, the concept of a “BRICS currency” is still a pipe dream.
Here’s the worst part, though: Trump is using tariffs as his preferred weapon because he views these actions as direct challenges to American economic dominance. What’s at risk is as follows:
Exports: American markets are a major source of goods for the BRICS+ nations. These countries may suffer greatly as a result of Trump’s warning to “say goodbye to selling into the wonderful US economy.”
Dollar Dethroned? The fight for monetary supremacy is getting more intense as world leaders like Xi and Putin strive for alternatives to the dollar. Trump’s ferocious position, though, is unalterable.
The Numbers Game: 100% Tariffs? Here’s What You Need to Know
| Country | BRICS Exports to the US (2024) | Potential Impact of 100% Tariffs |
|---|---|---|
| China | $505 Billion | Massive hit to China’s export economy |
| India | $58 Billion | US market loss could slow India’s economic growth |
| Russia | $8 Billion | Sanctions already in play, further tariffs would deepen strain |
| Brazil | $29 Billion | Agricultural exports hit hardest |
| South Africa | $10 Billion | Crucial raw materials trade could collapse |
#TariffWar #BRICS #DollarDominance #USPolitics
Is Trump’s Threat Empty? Or A Game-Changer?
Many experts are shaking their heads, calling Trump’s tariff threats “empty” and “unrealistic”. Congress MP Shashi Tharoor chimed in, downplaying the looming threat, stating:
“There is no serious proposal from BRICS to create a new currency. The dollar is a practical convenience for most countries.”
Even as BRICS pushes forward with local currency trade initiatives, experts argue that no alternative to the dollar is truly viable yet. While Trump claims victory over de-dollarisation, the facts remain complicated.
FAQ:
- Q: What does “de-dollarisation” mean?
A: It refers to the process of countries seeking alternatives to the US dollar for international trade and reserves. - Q: Can BRICS countries really replace the dollar?
A: Not yet. The US dollar remains the global reserve currency, and while BRICS nations are pushing for more local currency transactions, a unified alternative has yet to materialize. - Q: Will Trump’s tariff threats work?
A: Unlikely. Economists argue that tariffs could hurt US consumers more than BRICS nations, particularly as the US economy faces inflation pressures and supply chain disruptions. - Q: How are BRICS countries responding to Trump’s threats?
A: Many remain unfazed, with Russia and China doubling down on their push for greater economic independence from the dollar.
The Bottom Line
Trump’s latest salvo is not just about tariffs; it’s about global dominance. As the battle for the future of global trade heats up, it’s clear that BRICS nations are not backing down. But with Trump’s threats looming large, the question remains: Will the dollar remain king, or are we on the edge of a new global economic order?
Stay tuned. The game is far from over.
#GlobalEconomy #Trump #BRICS #DeDollarisation #TradeWar #USPolitics
