America: Before assuming power, Donald Trump threatened the BRICS countries saying that if the US dollar is challenged then they will have to face the consequences.

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Before his coronation, America’s newly elected President Donald Trump has threatened the BRICS countries. He has said that if the BRICS countries support the BRICS currency or any other currency instead of the US dollar, then they will have to face the consequences. Donald Trump has given this information by tweeting on his social media platform ‘Truth Social’.

Trump said that we want a commitment from the BRICS countries that they will neither create a new BRICS currency nor support any other currency in place of the US dollar. If this happens, then they will not only have to face 100 percent tariff. Not only this, they will also have to say goodbye to the sale of their goods in the American market. BRICS countries include Brazil, Russia, India, China and South Africa.

‘Other currency cannot replace the US dollar’

Trump further said that there is no possibility that the BRICS currency will replace the US dollar in the international market and any country that tries to do so should say goodbye to America.

This statement of Trump can have a big impact on the world economy and the currency policy of the US. Recently, the BRICS countries had expressed the possibility of strengthening their economic relations and considering other options instead of the dollar in international business.

Announcement of tariff on China, Canada and Mexico

After the historic victory in the US presidential election, Donald Trump is making new announcements one after the other. Recently, Donald Trump had announced tariff on goods coming from China, Canada and Mexico. He had said that after assuming power, he will impose 10 percent tariff on goods coming from China and 25 percent tariff on goods coming from Canada-Mexico.