Trump sparks global currency debate, calls for 100% tariffs against BRICS nations exploring dollar alternative

US President-elect Donald Trump has issued a stern warning to BRICS nations—Brazil, Russia, India, China, and South Africa—over their perceived efforts to create an alternative currency to the U.S. dollar for international trade.

Trump’s comments, posted online, demanded a commitment from BRICS nations to abandon any plans for a new currency or risk facing 100% tariffs and losing access to the lucrative U.S. market.

“The idea that the BRICS countries are trying to move away from the Dollar while we stand by and watch is OVER,” Trump wrote. “There is no chance that the BRICS will replace the U.S. Dollar in International Trade, and any country that tries should wave goodbye to America.”

Also Read: NYC Council member Farias highlights Small Business Saturday with local heroes

Mixed Reactions Pour In

Trump’s statement has sparked a flurry of reactions online, with supporters and critics alike weighing in.

Many praised Trump’s boldness, with comments like “God truly spared him! He stands a good chance of being the best President ever!” and “A leader that doesn’t just make political statements but takes action!” echoing widespread admiration among his base.

Others, like Jason Leach, underscored the need for a broader strategy, “This is a bold move! But success requires improving American manufacturing, farming, and industry, especially in technology.”

Critics Question the Feasibility

Skeptics, however, raised concerns about the potential economic fallout. Khalid Mahmud Sajid warned, “What will happen if inflation rises along with tariffs? BRICS countries are the biggest exporters of almost everything.”

Anit Rie proposed a simpler solution: “Why are we doing international trade anyway? Just stop trading with those countries!”

Global Implications

Trump’s remarks come amid growing discussions about de-dollarization in the global economy. BRICS nations have been exploring ways to reduce reliance on the U.S. dollar, citing concerns over American monetary policy and its dominance in international trade.

Critics argue that imposing tariffs could backfire, potentially isolating the U.S. and accelerating efforts to establish an alternative financial system. Supporters, however, see it as a necessary move to protect the dollar’s supremacy.

As BRICS nations continue to expand their influence and more countries express interest in joining the bloc, the world waits to see whether Trump’s proposed hardline approach will gain traction or spark further geopolitical tensions.

Related Posts

Mayor Mamdani orders review, reduction of City fines, fees for small businesses

New York City Mayor Zohran Mamdani on Wednesday signed an executive order aimed at easing the regulatory and financial burden on small businesses by reviewing and cutting fines, fees, and…

Continue reading
Mayor Adams Unveils $1 Billion Redevelopment Plan to Transform Coney Island Waterfront

New York City Mayor Eric Adams has announced a more than $1 billion investment by the city toward the large-scale redevelopment of Coney Island, aimed at strengthening coastal resiliency, expanding…

Continue reading

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

Mayor Mamdani names Tricia Shimamura as new NYC Parks Commissioner

Mayor Mamdani names Tricia Shimamura as new NYC Parks Commissioner

Mayor Mamdani nominates Valdivia to lead NYC Taxi and Limousine Commission

Mayor Mamdani nominates Valdivia to lead NYC Taxi and Limousine Commission

Mayor Mamdani orders review, reduction of City fines, fees for small businesses

Mayor Mamdani orders review, reduction of City fines, fees for small businesses

Bronx BP Gibson Pushes Bronx Priorities at Opening of 2026 New York Legislative Session

Bronx BP Gibson Pushes Bronx Priorities at Opening of 2026 New York Legislative Session

Bronx BP Gibson Congratulates Samuels on Appointment as NYC Schools Chancellor

Bronx BP Gibson Congratulates Samuels on Appointment as NYC Schools Chancellor

Bronx BP Gibson Mourns Youth Deaths, Condemns Violent Attacks

Bronx BP Gibson Mourns Youth Deaths, Condemns Violent Attacks