Trump threatens Brics nations with 100% tariffs if they try replacing US dollar

President Donald Trump has warned Brics nations, including India, that any move to replace the US dollar will result in 100% tariffs on trade with the United States. Trump emphasized severe penalties for reducing the dollar’s role in global trade. India's external affairs minister reiterated no plans for de-dollarisation.

Jan 21, 2025 2

Trump threatens Brics nations with 100% tariffs if they try replacing US dollar
President Donald Trump has warned Brics nations, including India, that any move to replace the US dollar will result in 100% tariffs on trade with the United States. Trump emphasized severe penalties for reducing the dollar’s role in global trade. India's external affairs minister reiterated no plans for de-dollarisation.
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