Trump Threatens BRICS Nations With 100% Tariffs If They Replace Dollar as Reserve Currency: 'Go Find Another Sucker'

We are going to require a commitment from these seemingly hostile 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,

he wrote

So now, in fact, he has repeated his old thesis,

Kremlin spokesperson Dmitry Peskov told reporters

I heard this comment by President Trump. But, the fact is there is no serious proposal for the Brics to come up with an alternative currency to the dollar. The dollar is a practical convenience for most countries in the world."

Commenting on Trump's remarks, he told TOI

The idea that the Brics countries are trying to move away from the dollar, while we stand by and watch, is over.”

The US president wrote on the social media platform

Vladimir Putinpresident

It’s not us who refuse to use the dollar,

Mr Putin said at the time

The point is that BRICS is not talking about creating a common currency, nor has it ever done so. BRICS is talking about creating new joint investment platforms that would allow joint investments in third countries, mutual investments and so on,

said Peskov

Dmitry Peskovkremlin spokesman

This is not the first time Trump has made such statements, it's not new. There have been statements like this before, back when he was just president-elect,

Peskov told reporters

In all likelihood, U.S. experts probably need to explain the BRICS agenda in more detail to Mr Trump,

he added

More and more countries are switching to the use of national currencies in their trade and foreign economic activities … If the U.S. uses force, as they say economic force, to compel countries to use the dollar it will further strengthen the trend of switching to national currencies [in international trade]."

Dmitry Peskov, a Kremlin spokesperson, said in December

The U.S. has long used its dollar hegemony to shift crises, spread U.S. inflation to other parts of the world, and made it become a geopolitical tool, which damages international economic and financial stability, and disrupts international order."

Liu Pengyu, a spokesperson of the Chinese Embassy in the U.S., previously told Newsweek

Donald Trumppresident

Go find another sucker nation."

President Donald Trump has threatened BRICS countries, warning them against replacing the U.S. dollar as a reserve currency and telling them

As a BRICS nation... they'll have a 100 per cent tariff if they so much as even think about doing what they thought, and therefore they'll give it up immediately."

Speaking on the matter, he said

We may or may not,

he told reporters at the Oval Office on Thursday

There is no chance that BRICS will replace the US Dollar in International Trade or anywhere else, and any Country that tries should say hello to Tariffs and goodbye to America!"

Donald Trump