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macroJun 27, 2026, 9:07 AM

Trump Warns BRICS of 100% Tariffs Over Dollar Undermining

Donald Trump has reiterated his threat to impose 100% tariffs on BRICS nations if they attempt to create or back an alternative reserve currency that undermines the US dollar.

Donald Trump has renewed a warning to BRICS member countries, stating they could face 100% tariffs if they pursue policies that weaken the US dollar. The former US president specifically cited efforts to create or support an alternative reserve currency as a trigger for such trade measures.

The statement echoes earlier threats and underscores ongoing tensions over the dollar's dominant role in global finance. BRICS nations have explored de-dollarization initiatives, though no formal alternative reserve currency has been established.

Source: First Squawk