“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. Economy,” Trump posted on Truth Social.
“They can go find another ‘sucker!’ There is no chance that the BRICS will replace the U.S. Dollar in International Trade, and any Country that tries should wave goodbye to America.”
The leaders of Brazil, Russia, India, China and South Africa, all original members, spoke openly about plans to create the “Unit,” a currency upheld by member nations and gold reserves.
However, Trump has aggressively affirmed that the fold would not take place during his administration. The former president has promised to slap Canada, Mexico and China with high tariffs with the goal of using financial leverage for economic and political stability.