Key Points:

• Trump threatens BRICS nations with 100% tariffs if they attempt to replace the U.S. dollar.
• He demands a commitment from the countries to uphold the dollar's dominance in international trade.
• The BRICS bloc comprises Brazil, Russia, India, China, South Africa, and others.
• Trump warns they should "go find another sucker nation" if they consider dollar replacement.

On January 30, 2025, President Donald Trump reiterated his staunch opposition to any attempts by BRICS countries to replace the U.S. dollar as the dominant global currency, threatening them with a steep 100% tariff. In a post on Truth Social, he stated, "The idea that the BRICS Countries are trying to move away from the Dollar, while we stand by and watch, is OVER," indicating his intent to safeguard dollar supremacy in international trade. Trump's unprecedented tariff threat requires these nations—namely Brazil, Russia, India, China, South Africa, and recent members like Iran and the UAE—to pledge they would neither develop a new BRICS currency nor endorse a substitute for the dollar.

Trump underscored that any country attempting to challenge the dollar should "say goodbye to selling into the wonderful U.S. economy." His remarks echo sentiments he shared following his November 2024 election, reinforcing his "America First" policy, which projects a firm stance against perceived economic threats from abroad. Newsweek highlighted that the U.S. dollar remains a pivotal reserve currency, constituting a vital part of global trade transactions and emphasizing the consequences of a potential shift away from it.

Despite Trump's warnings, discussions around the BRICS bloc's ambition to reduce dollar dependence have gained traction, particularly following sanctions imposed on Russia, strengthening calls for economic diversification. In Trump’s pointed words, "They can go find another sucker nation," he reinforced that he sees no likelihood of BRICS successfully replacing the dollar, which he views as crucial for maintaining American financial dominance globally.

This situation also comes at a time when BRICS nations are actively exploring alternative currencies and shifting settlements to reduce their reliance on the dollar. Nevertheless, Trump's approach reflects his administration's unwavering commitment to prioritize U.S. economic interests in the face of emerging challenges posed by groups like BRICS.

For more information, refer to the original articles by Reuters, India Times, and Newsweek.