Stating that any attempt to undermine the US dollar's dominance in international trade will be met with severe consequences. These consequences include imposing tariffs as high as 100% and cutting off access to the US market ¹.
Trump emphasized the importance of protecting the dollar's role in global commerce, making it clear that the US will not tolerate the creation of a BRICS-backed currency or any monetary system aimed at replacing the dollar. He described the US economy as a "wonderful engine of prosperity" and warned that BRICS nations risk isolating themselves by pursuing such actions ².
The BRICS nations, which include Brazil, Russia, India, China, and South Africa, have discussed boosting non-dollar transactions and strengthening local currencies. Russian President Vladimir Putin has accused the US of "weaponising" the dollar, describing it as a "big mistake" ².
Trump's statement reaffirms his stance on safeguarding America's financial interests. By taking a hardline approach, he seeks to deter any potential moves by BRICS nations to challenge the dollar's hegemony. The message is clear: the US dollar remains non-negotiable in global trade, and any nation attempting to counter this reality will face significant crises.
