Donald Trump has issued a stern warning to the BRICS nations, threatening 100% tariffs and restricted market access if they pursue a currency that could challenge the US dollar's dominance ¹ ². This move is in response to BRICS' efforts to create a multipolar financial system, less reliant on Western frameworks, by promoting local currencies, leveraging the Chinese yuan, and exploring blockchain technologies.

The BRICS bloc, consisting of Brazil, Russia, India, China, and South Africa, has been working to reduce its reliance on the US dollar, with the aim of shielding its members from US sanctions and external economic pressures ¹. This push for de-dollarization has gained momentum, with the bloc expanding its membership to include nations like Iran, Saudi Arabia, and the UAE.

Trump's warning marks a significant escalation in the economic rivalry between the US and BRICS, with the stakes being high for the future of global trade and financial sovereignty ¹ ². As the world watches, one thing is clear: this economic battle will have far-reaching consequences.