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Trump warns BRICS: No currency replacement or tariffs

Trump warns BRICS nations against dollar replacement, threatens 100% tariffs for any new currency support.

Published

10 months ago

December 2, 2024

ticker NEWS

U.S. President-elect Donald Trump has issued a warning to BRICS nations regarding the potential creation of a new currency that could replace the U.S. dollar.

During a recent statement on his social media platform, Trump signaled that member countries must commit to avoiding the establishment of a BRICS currency or any other currency intended to supplant the dollar.

Failure to comply with this demand could result in significant economic consequences, including the imposition of 100% tariffs on goods sold to the United States, according to Trump.

He conveyed a strong message that nations attempting to shift away from using the dollar in international trade would be unwelcome in the U.S. market.

Dollar’s dominance

The statement underscores Trump’s position on maintaining the dollar’s dominance in global trade.

He expressed confidence in the dollar’s continued status, asserting that there is no chance for the BRICS nations to replace it.

Trump’s remarks reflect the ongoing tensions surrounding global currency dynamics and the influence of the U.S. economy.

The BRICS countries, which include Brazil, Russia, India, China, and South Africa, have been exploring alternatives to the dollar in recent years, aiming to strengthen their economic ties.

News

Israel and Hamas agree to landmark hostage deal

Israel and Hamas agree to release hostages in U.S.-brokered deal, marking a potential turning point in Gaza conflict.

Published

5 hours ago

October 10, 2025

ticker NEWS

Israel and Hamas agree to release hostages in U.S.-brokered deal, marking a potential turning point in Gaza conflict.

In a major diplomatic breakthrough, Israel and Hamas have agreed to release all remaining Israeli hostages under a U.S.-brokered framework. The deal pairs prisoner exchanges with an Israeli troop pullback and expanded aid access, marking a potential turning point in the two-year Gaza conflict.

The agreement, set for approval by Israel’s cabinet, could pave the way for lasting peace if both sides uphold the terms. It follows weeks of negotiations led by U.S. envoys and regional mediators in Egypt, Qatar, and Türkiye.

As international agencies prepare to facilitate aid and logistics, the world watches to see whether this fragile deal can hold and bring relief to millions affected by the war.

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News

Google leads Australia media tax rankings

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.

Published

1 day ago

October 9, 2025

ticker NEWS

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.

Google is currently on the of top of Australian media tax payments, while Netflix, Dentsu, and Singtel pay nothing, sparking a fresh debate over fairness and corporate responsibility in the industry.

#TaxTransparency #Google #Netflix #CorporateResponsibility #AustraliaBusiness