{"id":48636,"date":"2024-12-01T18:06:36","date_gmt":"2024-12-01T18:06:36","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/trump-threatens-100-tariff-on-brics-nations-in-case-of-dollar-replacement"},"modified":"2024-12-01T18:50:43","modified_gmt":"2024-12-01T18:50:43","slug":"trump-threatens-100-tariff-on-brics-nations-in-case-of-dollar-replacement","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/trump-threatens-100-tariff-on-brics-nations-in-case-of-dollar-replacement","title":{"rendered":"Trump threatens 100% tariff on BRICS nations in case of dollar replacement"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mauritius. <\/strong><\/span>US President-elect Donald Trump issued a warning Saturday to nations that he would impose a 100% tariff on any BRICS country that attempts to move from the US dollar in international trade.<\/p>\n<p>Referring to the economic alliance of Brazil, Russia, India, China and South Africa &#8212; now expanded to include Iran, Egypt, Ethiopia, and the United Arab Emirates,<\/p>\n<p>&#8220;The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,&#8221; Trump wrote on Truth Social about the bloc that is Russia, India, China and South Africa that has expanded to include Iran, Egypt, Ethiopia, and the United Arab Emirates<\/p>\n<p>Trump demanded that they commit to using the dollar as their reserve currency and refrain from creating a new BRICS currency or backing alternatives.<\/p>\n<p>&#8220;We require a commitment from these 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, and should expect to say goodbye to selling into the wonderful US Economy,&#8221; he said.<\/p>\n<p>BRICS have discussed shifting from the dollar in recent years, with discussions intensifying after the US imposed sanctions on Russia in 2022 following its \u201cspecial military operation\u201d in Ukraine.<\/p>\n<p>&#8220;There is no chance that the BRICS will replace the US Dollar in International Trade, and any Country that tries should wave goodbye to America,&#8221; he said,<\/p>\n<p>The latest threat follows Trump\u2019s proposals, including 25% on Mexico and Canada and an additional 10% tariff on China, to address illegal migration and drug trafficking into the US.<\/p>\n<p>A spokesperson for the Trump transition team did not immediately respond to requests for clarification on the tariff specifics for BRICS nations or China.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Mauritius<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mauritius. US President-elect Donald Trump issued a warning Saturday to nations that he would impose a 100% tariff on any BRICS country that attempts to move from the US dollar in international trade. Referring to the economic alliance of Brazil, Russia, India, China and South Africa &#8212; now expanded to include Iran, Egypt, [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":48635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[72,5059,2122,241,3059,4049,5060,5061],"class_list":["post-48636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-brics","tag-dollar","tag-donald-trump","tag-mauritius","tag-tariff","tag-truth-social","tag-us-economy","tag-us-president-elect-donald-trump"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Trump threatens 100% tariff on BRICS nations in case of dollar replacement - Mauritius<\/title>\n<meta name=\"description\" content=\"US 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