Donald Trump threatened to impose 100% tariffs on BRICS nations—an alliance including Russia and China—if they attempt to replace the U.S. dollar with another currency. He warned that countries supporting this shift would face increased duties, potentially losing access to the U.S. market. This comes amid ongoing discussions among BRICS members about using local currencies for international trade to reduce U.S. influence, with Brazil’s president advocating for a common currency. Trump’s tariff threats align with his previous trade policies from his first term.

Source: https://www.supplychaindive.com/news/donald-trump-brics-tariffs-china-russia-brazil-india-south-africa/734283/