Donald Trump threatens to impose 100% tax on BRICS countries

(CLO) US President-elect Donald Trump has stated that he will demand that the BRICS group not create a new common currency, otherwise he will impose tariffs of up to 100% on goods from the countries in the group.

"The BRICS nations' attempts to reduce their dependence on the dollar, while we stand idly by, will end here. We demand that these nations commit to not creating a new BRICS currency, nor supporting any alternative to the U.S. dollar. Otherwise, they will face 100% tariffs and be told to stop selling to the great American economy ," Trump posted on Truth Social Saturday afternoon.

BRICS, comprising Brazil, Russia, India, China, and South Africa, was established in 2011. Earlier this year, after more than a decade, the group expanded with the addition of Iran, Saudi Arabia, the United Arab Emirates (UAE), Ethiopia, and Egypt.

US President-elect Donald Trump. Photo: Reuters

In February, South African Foreign Minister Naledi Pandor said that 34 countries had applied to join BRICS, a bloc of large emerging economies.

In 2023, Brazilian President Luiz Inácio Lula da Silva proposed the idea of ​​creating a common currency for South American countries to reduce their dependence on the US dollar.

Building an independent financial system could allow member states like Russia, China, and Iran to avoid Western sanctions. This system would also help the world break free from the unipolarity that has existed for many years, where many countries were easily subjected to unilateral economic sanctions by the US and the West.

At the BRICS Summit in October, Russian President Vladimir Putin and Chinese President Xi Jinping made statements expressing their determination to expand and strengthen BRICS to help make the world a more multilateral and multipolar one.

Trump's statement came just days after he pledged to impose high tariffs on goods imported from Mexico, Canada, and China as soon as he took office.

Since that announcement, President Donald Trump has had his first conversation with Mexican President Claudia Sheinbaum, but the two sides have issued conflicting statements.

Meanwhile, Canadian Prime Minister Justin Trudeau traveled to Trump's Mar-a-Lago resort in Florida for a meeting. Trudeau shared that the dinner "was a great conversation" and "a very productive meeting."

Ha Trang (according to CNN)

Source: https://www.congluan.vn/tong-thong-dac-cu-my-donald-trump-doa-ap-thue-100-doi-voi-cac-nuoc-brics-post323724.html