US President Donald Trump delivered a blunt warning to Brics nations on Thursday, declaring that if they proceed with launching a common currency, they would face a 100% tariff on all imports into the United States. He also asserted that “Brics is dead.” This statement came just hours before his scheduled meeting with Prime Minister Narendra Modi, despite India being one of the founding members of the bloc.
Trump’s scathing remark on Brics challenges its global influence and relevance.
“Brics was put there for a bad purpose… I told them if they want to play games with the Dollar, then they are going to be hit by a 100% tariff. The day they mention that they want to do it, they will come back and say – we beg you, we beg you. Brics is dead since I mentioned that…” Trump said.
He reiterated his stance by saying, “Brics is dead the minute I mentioned that if they mess with the dollar, they will get 100% tariffs. Brics is dead.”
Trump further pointed out his position by warning, “If any trading gets through, it’ll be 100% tariff, at least,” when asked about Brazil, Russia, India, and China establishing their own currency. His comments come amid rising tensions over international trade practices and his broader strategy on tariffs.
Despite PM Modi’s presence in Washington DC, Trump did not hold back on his strong rhetoric against the Brics bloc. His firm stance underscores his broader strategy of imposing reciprocal tariffs on any nation that levies duties on US imports.
“Today is the big one: reciprocal tariffs,” Trump wrote on his social media platform ahead of the announcement. He added, “They charge us a tax or tariff, and we charge them the exact tax or tariff. Very simple.” This approach targets major trading nations, including those within the Brics group.