Donald Trump criticizes BRICS crypto plan, makes threat
US President-elect Donald Trump has issued a stern warning to BRICS, urging its members to abandon plans to create an alternative currency to replace the US dollar in international trade.
Trump, known for his “America First” stance, has reiterated that any move in this direction would face severe consequences. These include a 100% tariff on products from BRICS countries and the inability to access the US market.
BRICS faces resistance from Trump to de-dollarization efforts
🇺🇸 | URGENT: President-elect Donald Trump has issued a warning to BRICS nations, cautioning them against creating or backing a new currency to replace the US dollar. He threatened to impose 100% tariffs and restrict access to the US market for countries that do not comply. Trump expressed confidence that BRICS cannot replace the dollar in global trade and declared that any nation attempting to do so would sever its relationship with the US.
In a post this afternoon. The president-elect of the United States, Donald Trump, demanded this Saturday (30) that the Brics member countries commit to not creating a new currency or supporting another currency that replaces the dollar, under penalty of suffering 100% tariffs.
What is the impact of this news on the crypto market?