President of the United States called the member countries of the “hostile” group
United States President Donald Trump (Republican Party) again said on Thursday (30.Jan.2025) that will tax the Brics countries 100% if the bloc creates its own coin. The Republican stated that it will “Require a commitment”That nations will not idealize or support a monetary unit to“replace the powerful dollar”American.
“The idea that the BRICS countries are trying to move away from the dollar, while we stayed with our arms crossing, it’s over. We will require a commitment of these seemingly hostile countries that they will not create a new BRICS currency, nor will you support any other currency to replace the powerful US dollar, or face 100%rates, and can expect to say goodbye to the possibility of selling in the wonderful US economy. They can look for another naive nation. There is no chance for the BRICS to replace the US dollar in international trade, or anywhere else, and any country that tries to welcome tariffs and say goodbye to America”, Trump on his profile at Truth Social.
The message published on Thursday (30.jan) is similar to the post by Trump in November. At the time, the Republican also stated that if the bloc insists on creating its own currency for international business, products from members would be taxed up to 100% at the entry into the US market.
If this threat is brought forward, it will be a great thud for BRICS, which consists of Brazil, Russia, India, China and South Africa. It will be a setback, above all, for China, which leads the group. BRICS has placed at the top of the agenda to create its own coin for its international transactions.
The president of Brazil, (PT), has already talked about the creation of a BRICS coin on some occasions.
In August 2023, for example, the petista that one of the main advances of the bloc’s summit held that month in South Africa was the decision on starting a reference unit for trade among the bloc countries.
According to him, the initiative will not change the currency of the member countries. “What we want is to create a currency that allows us to do business without having to use the dollar. There were no forum in the world that decided that the dollar was a reference currency for business. They simply ended the gold, the dollar came in and stayed. We decided to create a coin because it makes people’s lives easier”Said Lula in 2023.
In October this year, Lula on the subject. By participating in the video conferencing of the bloc’s summit, held in Russia, the president stated that “There were no forum in the world that decided that the dollar was currency reference to the business”International.
