At the BRICS Summit in Kazan, Russia, U.S. President Trump expressed concerns over the BRICS countries moving away from the U.S. Dollar and demanded a commitment from the group to not form a new currency. Failure to comply could result in a 100% tariff, effectively barring these nations from selling into the U.S. economy. The summit also saw discussions about the potential expansion of the BRICS bloc, with five new members, including Egypt and Saudi Arabia, being considered.
The heads of delegation attending the BRICS Summit Outreach and BRICS Plus during the BRICS Summit held in Kazan, Russian. File Picture: GCIS Trump said he wants Brazil, Russia, India, China and South Africa to commit to not creating a new currency .
"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.
"Such supremacist paradigms enable pathologies like Gender Based Violence to prevail with impunity. Establishing a fairer world requires the challenging of bullies and related supremacists," she said.
BRICS SUMMIT TRUMP NEW CURRENCY SANCTIONS RUSSIA
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