Trump threatened BRICS countries including India and China, said – America will have to say bye-bye
Washington: America's newly elected President Donald Trump's statement on Saturday made it clear that he is not going to compromise on America's economy. He has threatened the BRICS group countries including India. Also, these countries have been given a strong warning about finding alternatives to the dollar. Trump has threatened to impose 100 percent tariff i.e. import duty on BRICS countries trying to find an alternative to the dollar.
BRICS also includes the world's two largest emerging economies, China and India. Among the promises made by Trump during the election campaign was imposing heavy tariffs of up to 60% on Chinese products. After Trump's announcement, there were fears that the trade war between the world's two largest economies would intensify.
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In the last several years, Trump has also targeted India regarding American company Harley Davidson. Major member countries of BRICS include both India and China. Trump has been calling PM Narendra Modi his friend many times. But Trump has also been targeting India on trade related issues. Major member countries of BRICS include both India and China. Trump has been calling PM Narendra Modi his friend many times. But Trump has also been cornering India on trade related issues.
what did donald trump say
On Saturday, Trump wrote on his handle of social media platform This phase is now over. We need a commitment from these countries that they will neither create a new BRICS currency, nor support another currency to replace the stronger US dollar, or they will face 100 percent tariffs.
Trump's post on X
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…
— Donald J. Trump (@realDonaldTrump) November 30, 2024
Look somewhere else instead of America
Trump further wrote that if the BRICS countries do this, they will have to say goodbye to selling their products in the brilliant American economy. They can look for some other place. There is no possibility that BRICS will be able to replace the US dollar in international trade and any country doing so should say goodbye to America.
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Let us tell you that in October, a BRICS meeting was held in the Russian city of Kazan and during that time too, speculations were being made on behalf of this block about creating its own currency.