Washington D.C. – Former President Donald J. Trump issued a stern warning to BRICS nations on December 1, stating that any attempt to move away from the US dollar or create an alternative currency would face severe consequences. Trump emphasized that these countries must commit to not replacing the dollar in international trade or risk facing 100% tariffs and losing access to the US market.
Trump’s statement, which echoes his “America First” policy, made it clear that he believes the dominance of the US dollar in global trade is non-negotiable. He challenged BRICS nations—Brazil, Russia, India, China, and South Africa—to abandon any plans for a new currency and warned that any efforts to undermine the dollar would lead to a sharp economic backlash.
“There is no chance that the BRICS will replace the U.S. Dollar in international trade, and any country that tries should wave goodbye to America,” Trump declared, underscoring his firm stance on maintaining US economic supremacy. He also referred to the idea of finding alternative markets as an exercise in futility, adding that these nations would be forced to find another “sucker” to do business with.
The former president’s remarks reflect ongoing tensions between the US and the BRICS countries, which have been exploring alternatives to the dollar in light of shifting geopolitical dynamics and de-dollarization efforts. Trump’s comments signal his strong opposition to any efforts that could challenge the established global financial order dominated by the US.