US President-elect Donald Trump has issued a strong warning to the BRICS alliance, urging its members—Brazil, Russia, India, China, and South Africa—to abandon any initiatives aimed at creating a new currency to rival the US dollar's global dominance. Trump, emphasizing his "America First" agenda, threatened severe consequences, including 100% tariffs on BRICS exports to the US and restricted access to the American market, if such plans proceed.

Trump’s Stance on BRICS’ Currency Ambitions

On November 30, Trump took to his Truth Social platform to demand that BRICS nations pledge not to pursue or support alternative currencies. He labeled their de-dollarization plans as a direct challenge to the US and vowed to take decisive action to protect the dollar’s role as the global reserve currency.

"The idea that BRICS nations are conspiring to undermine the US dollar while we stand by is ludicrous. These countries must commit to abandoning such plans, or they’ll face 100% tariffs and exclusion from our exceptional economy," Trump asserted.

This statement aligns with Trump’s broader campaign promise to safeguard the US dollar’s supremacy and signals that his administration may impose punitive measures on countries advancing de-dollarization efforts.

BRICS and the Push for De-Dollarization

BRICS has been actively exploring alternatives to the US dollar, gaining momentum during a key summit in 2023. Discussions centered around using the Chinese yuan and blockchain-based stablecoins for international trade, technologies that could bypass US sanctions and challenge traditional Western financial systems.

The bloc also expanded its membership in 2023, welcoming Iran, Saudi Arabia, the UAE, Ethiopia, and Egypt, while 34 additional nations have expressed interest in joining. BRICS aims to promote local currencies and alternative banking systems to reduce reliance on the dollar and circumvent Western economic pressures.

Implications for Global Trade and Politics

These de-dollarization efforts could reshape global trade dynamics and diminish the US dollar's influence. Trump’s firm stance indicates a brewing confrontation between the US and BRICS, with the future of global resemrve currencies hanging in the balance.

As BRICS pursues its ambitious plans, the stage is set for heightened economic and political tensions, marking a pivotal moment in the evolving global financial order.

#ETHOnTheRise #XRPReclaimsTop3 #XRPTrends #BinanceBNSOLPYTH #ThanksgivingBTCMoves $BTC