President-elect Donald Trump issued a sharp warning to the BRICS nations—Brazil, Russia, India, China, and South Africa—against moves to reduce reliance on the U.S. dollar in global trade. Using his Truth Social platform, Trump declared that the era of watching BRICS Countries undermine the dollar is OVER. The statement highlights his tenacious stance on preserving the dollar’s global dominance.
Trump demanded a commitment from BRICS to halt plans for creating an alternative currency. He cautioned that failure to comply would result in severe economic consequences, including hefty tariffs and restricted access to the U.S. economy. Donald warns BRICS nations to “abandon these plans or face 100% tariffs,” his post read, signaling his intention to take a hardline approach in his second term. He added,
“The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER. “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 U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy,”
This warning aligns with Trump’s broader trade agenda, which prioritizes protecting American economic interests. On the campaign trail, he frequently criticized attempts to challenge the dollar’s status, vowing to retaliate against any such efforts. His recent remarks highlight the emphasis on economic nationalism as he prepares to re-enter the White House in January.
Brazil, Russia, India, China, and South Africa advocate for de-dollarization, Trump warns all BRICS nations
The BRICS nations have increasingly advocated for de-dollarization, particularly after U.S.-led sanctions on Russia in 2022 demonstrated the vulnerabilities of dollar dependence. At their 2023 Johannesburg summit, BRICS leaders discussed strategies to bypass the dollar in international trade. Trump’s ultimatum, however, aims to disrupt those efforts, as Donald warns BRICS nations of the steep price of pursuing alternative currencies.
Behind closed doors, Trump’s advisors are reportedly crafting measures to counter these challenges. Proposed actions include export restrictions and broader trade penalties aimed at nations undermining the dollar. In a March interview, Trump called preserving the dollar “critical to America’s strength” and pledged to block any de-dollarization attempts.
On Saturday, Trump reaffirmed his stance, stating, “No BRICS nation will replace the dollar without consequences.” Donald warns BRICS nations: their attempts to sideline the dollar will be met with decisive U.S. action.
“I would not allow countries to go off the dollar because it would be a hit to our country. There is no chance that the BRICS will replace the U.S. Dollar in International Trade, and any Country that tries should wave goodbye to America.”
Also, see: Trump’s policies’ impact on India: What will happen to Indian rupee now?