Trump Demands ‘Commitment’ From BRICS on Using US Dollar

Trump has said he wants US dollar to remain reserve currency
US president-elect reiterates threat to impose ‘100% tariffs’

World leaders during the BRICS Summit in Johannesburg, South Africa, on Aug. 24, 2023.Photographer: Per-Anders Pettersson/Getty Images

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By Stephanie Lai

November 30, 2024 at 6:21 PM UTC

Updated on

December 1, 2024 at 11:57 PM UTC

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US President-elect Donald Trump warned the so-called BRICS nations that he would require commitments that they would not move to create a new currency as an alternative to using the US dollar and repeated threats to levy a 100% tariff.

“The idea that the BRICS Countries are trying to move away from the dollar while we stand by and watch is OVER,” Trump said in a post to his Truth Social network on Saturday.