Donald Trump expressed concern in regards to the intentions of the BRICS international locations to create an alternate forex to the US greenback. He warned that within the case of such a step, he may introduce tariffs on the degree of 100%. 

Trump additionally mentioned that the concept the BRICS states can transfer away from the greenback is not related. He urges these international locations to ensure that they won’t develop a brand new forex for the BRICS and won’t help some other currencies that might exchange the highly effective greenback. In any other case, they threat shedding entry to the US market.

Throughout his election marketing campaign, Trump repeatedly burdened that transferring away from the greenback would have severe penalties for international locations that determined to take such a step. His crew is discussing measures aimed toward punishing each allies and opponents who wish to conduct bilateral commerce of their currencies, ignoring the greenback. Among the many choices into account are export restrictions, accusations of forex manipulation and varied commerce charges.

Trump has persistently argued that the US greenback ought to stay the worldwide reserve forex. In an interview, he famous that he wouldn’t permit international locations to maneuver away from the greenback, as this is able to be a severe blow to the nation’s financial system.