Trump is threatening the BRICS countries, which also include Russia, with 100 percent tariffs

• Trump imposed “100 percent tariffs” on the BRICS group of emerging economies on Saturday.
• Trump is pushing efforts to dethrone the US dollar as the main global reserve currency.
• Trump’s comments come at a time when the BRIC countries are trying to demonstrate their economic strength on the global stage.

President-elect Donald Trump on Saturday lashed out at the BRICS group of emerging economies, threatening to impose 100 percent tariffs if they try to “move away” from the U.S. dollar.

The BRICS includes nine countries – Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates – that are continuing to maintain their economic strength in a world where the US dollar continues to play the leading role Want to develop power global reserve currency.

As Russia pushes the BRIC nations to curb the US dollar’s international dominance, Trump used his Truth Social platform to denounce such a move.

“The idea that the BRICS are trying to move away from the dollar while we watch is OVER,” he wrote. “We require these countries to commit that they will not create a new BRICS currency, support another currency to replace the powerful US dollar, or be subject to 100 percent tariffs, and that they will not face the prospect of to say goodbye to sales to the wonderful USA. “Economy.”

The president-elect continued: “You can find another ‘idiot!'” There is no chance that the BRICS will replace the US dollar in international trade, and any country that tries should move away from America say goodbye.”

During a BRICS summit in October, Russian President Vladimir Putin accused the United States of “using the dollar as a weapon.”

“It’s not us who refuse to use the dollar,” he said at the time, according to the Associated Press. “But what can we do if they won’t let us work? We are forced to look for alternatives.”

Trump’s latest comments came just days after he threatened 25% tariffs on imports from Canada, China and Mexico, the United States’ three top trading partners. Trump pressed the three countries on the influx of drugs and illegal migrants entering the United States.

Justin Trudeau, Canada’s prime minister, spoke to Trump earlier this week after the president-elect vowed to target his country – noting the long-standing relationship between the two countries. Trudeau later reiterated that the tariffs would hurt both Canadian and American consumers.

On Friday, the prime minister traveled to Trump’s Mar-a-Lago estate in Florida, where he said he had an “excellent conversation” with the president-elect.

Trudeau’s office said in a statement that the prime minister and Trump “had a productive, wide-ranging discussion.”

“As Canada’s closest friend and ally, the United States is our most important partner and we are committed to working together in the interests of Canadians and Americans,” the statement continued.

Mexican President Claudia Sheinbaum also spoke with Trump on Thursday and said afterwards that there would be “no potential tariff war” between Mexico and the United States.