Trump Reiterates 100% Tariff Threat on BRICS

US President Donald Trump reiterated on Thursday his threat to place 100% tariffs on BRICS nations, as the deadline loomed for him to impose tariffs on Canada and Mexico.

- Agencies

WASHINGTON:

Trump had previously threatened 100% tariffs on BRICS nations -- a bloc including Brazil, Russia, India, China and South Africa -- if they create a rival to the US dollar, which he doubled down on Thursday night. "The idea that the BRICS countries are trying to move away from the Dollar, while we stand by and watch, is OVER," he posted on his Truth Social platform.

"We are going to require a commitment from these seemingly hostile countries that they will neither create a new BRICS currency, nor back any other currency to replace the mighty US Dollar or, they will face 100% tariffs," he continued.