Trump Threatens BRICS with 150% Tariffs Over Dollar Abandonment
Donald Trump has warned BRICS nations (Brazil, Russia, India, China, and South Africa) that he will impose 150% tariffs on their exports to the U.S. if they even discuss moving away from the U.S. dollar. This comes after previous threats of 100% tariffs for similar actions. Brazilian President Luiz Inácio Lula da Silva criticized Trump, calling his stance an attempt to act as the "emperor of the world."
Trump Escalates Tariff Threats Against BRICS Over Dollar Use
Trump’s Statement: A Warning to BRICS Nations
Former U.S. President Donald Trump has taken a tough stance against BRICS nations, threatening to impose 150% tariffs if they continue discussing alternatives to the U.S. dollar in trade.
“They were looking to create a new currency. Maybe they wanted to use the yuan. The first thing I said: Any BRICS country that mentions the destruction of the dollar will be hit with 150% tariffs,” Trump stated.
BRICS and the Idea of an Alternative Currency
BRICS countries have previously explored the possibility of a common currency to facilitate trade among member nations while reducing dependence on the U.S. dollar.
However, Brazilian officials recently dismissed the idea, stating that it never advanced beyond initial discussions.
Despite this, Trump continues to threaten economic retaliation, insisting that any attempt to undermine the dollar will result in severe trade sanctions.
Brazil’s Response: Lula da Silva Pushes Back
Brazilian President Luiz Inácio Lula da Silva responded strongly to Trump’s threats, stating that Brazil would adjust to any new U.S. tariffs and calling Trump’s approach imperialistic.
"Trump is trying to become the emperor of the world," Lula da Silva remarked.
Earlier, Trump had warned of 100% tariffs on BRICS nations for reducing their reliance on the dollar. However, his latest statement significantly raises the stakes.
Potential Global Trade Consequences
If Trump follows through with his 150% tariffs, it could trigger:
- Higher costs for U.S. consumers on BRICS imports
- Escalation of trade conflicts, disrupting the global economy
- Faster de-dollarization, as BRICS nations accelerate their shift to alternative currencies
Analysts suggest that Trump's aggressive rhetoric could increase tensions in international trade and push BRICS nations toward reducing their reliance on the U.S. dollar even faster.
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