Trump Threatens 100% Tariffs on BRICS Nations to Counter De-Dollarization and Economic Shifts [VIDEO]

President-elect Donald Trump has signaled a bold stance on global trade by threatening a trade war against the BRICS Alliance, a coalition that includes influential nations such as Brazil, Russia, India, China, and South Africa. The proposed action stems from concerns over the alliance’s growing influence and their consideration of moving away from the U.S. dollar as the world’s reserve currency, a strategy known as de-dollarization.

The BRICS Alliance, originally formed in 2009, has expanded to include nine member countries, now informally referred to as BRICS Plus. The coalition seeks to shift global economic power, aiming to reduce reliance on Western financial systems like the International Monetary Fund (IMF) and the World Bank. The group has established its own New Development Bank, a counter to these Western institutions, and has explored alternatives to the U.S. dollar in international trade.

The BRICS countries collectively account for 35% of global GDP based on purchasing power parity, surpassing the G7’s share of 30%. This economic strength has fueled discussions about challenging the dominance of the U.S. dollar. During a recent summit, BRICS leaders explored mechanisms to reduce reliance on the dollar, including bilateral trade in local currencies and a potential new BRICS currency. However, internal differences among member nations have made immediate consensus on such initiatives unlikely.

Trump’s proposed 100% tariffs on goods from BRICS nations are intended to counter their economic ambitions. These tariffs, if implemented, would double the cost of imported goods, potentially redirecting American consumers toward domestically produced alternatives. Trump argues this measure would protect U.S. industries, reduce the trade deficit, and reinforce the dollar’s status as the leading global currency. Critics, however, warn that such tariffs could drive up costs for American consumers and businesses, particularly those reliant on imports.

This development marks a potential turning point in international relations and global trade dynamics. As the incoming president prepares to take office, the international community is closely monitoring how these policies will unfold and their impact on the global economy.

For the full details and in-depth analysis, watch the video below covering Trump’s proposed tariffs and their potential impact on global trade.