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President-elect Donald Trump has issued a stern warning to the BRICS bloc. He urged members to abandon plans to create an alternative currency to replace the dollar in international trade.
Trump, known for his “America First” stance, emphasized that any such move would face serious consequences. This includes a 100% tariff on goods from BRICS countries and loss of access to the US market.
BRICS Face Trump’s Aggressive Reaction On De-USDization Efforts
In a November 30 post on his Truth Social platform, Trump called for a firm commitment from BRICS countries not to develop or support a rival currency. He emphasized that the United States will not tolerate efforts to weaken the dominance of the dollar.
“The idea that BRICS countries are trying to leave the dollar while we stand by is UNACCEPTABLE. We demand a commitment from these countries that they will not create a new BRICS currency, nor support any other currency to replace the great USD or they will face a 100% tax and should prepare to say goodbye to selling into the great American economy,” he said. declare.
This warning is in line with Trump’s campaign promise to protect the dollar’s global reserve status. Reports suggest that his team is studying sanctions against countries promoting a de-dollarization strategy.
The BRICS bloc — made up of Brazil, Russia, India, China, and South Africa — has been at the forefront of discussions on de-dollarization since 2023. These discussions gained momentum during a summit , where member states consider alternative payment mechanisms, including the use of the Chinese yuan and blockchain-based stablecoins.
Market analysts point out that such digital currencies could bypass US sanctions and provide a new framework for international trade.
This year, BRICS expanded its membership for the first time in more than a decade, adding Iran, Saudi Arabia, UAE, Ethiopia, and Egypt. With 34 other countries expressing interest in joining, the bloc hopes to consolidate its influence on the global economy. By leveraging local currencies and alternative banking networks, member states hope to reduce their dependence on the dollar while avoiding Western sanctions.
Observers note that these initiatives could reshape international trade dynamics. However, Trump’s tough stance signals the possibility of increased economic tensions between the United States and the BRICS nations.
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