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 Âč.
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 ÂČ.
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" ÂČ.
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.
