President Trump threatened BRICS member states with 100% tariffs on Thursday to dissuade them from replacing the US dollar as reserve currency. He has also threatened Canada and Mexico with tariffs. Trump had made a similar statement right after winning the November 2024 elections. “The idea that the BRICS Countries are trying to move away from the Dollar, while we stand by and watch, is OVER. 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 U.S. Dollar or, they…
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