US President Trump has declared that the BRICS bloc is “dead” and warned that any move to replace the US dollar with a new currency will be met with a 100% tariff. This stark warning comes amid growing speculation that member nations are considering de-dollarisation measures, including the potential launch of a common currency for trade.
According to multiple reports, Trump reiterated his threat, stating that if BRICS countries proceed with any initiative to reduce their reliance on the dollar, the US would impose heavy tariffs on their goods. The administration claims that such measures would effectively stall any plans to diverge from the dollar-dominated trading system.
Analysts have mixed views on the impact of these tariffs. Some suggest that while the threat is serious, its actual effect on trade could vary significantly across the member nations. For instance, experts note that India might be relatively less affected by reciprocal tariffs compared to other BRICS nations.
This development further intensifies the ongoing debate over global currency dominance and the shifting dynamics of international trade. As the tension mounts, the future of the BRICS bloc hangs in the balance, with economic and political ramifications that could reshape global markets.
