Donald Trump Opposes BRICS Digital Currency Plans
President-elect Donald Trump has issued a stern warning to the BRICS grouping. He urged its members to abandon plans to create alternative currencies to replace the U.S. dollar in international trade.
Trump, known for his “America First” stance, reiterated that any such move would face serious consequences. This includes 100% tariffs on goods from BRICS countries and a lack of access to the U.S. market.
BRICS countries face resistance to Trump’s de-dollarization efforts
On November 30, Trump published a post on his “Truth Social” platform, calling on BRICS countries to firmly commit not to develop or support competing currencies. He emphasized that the United States will not tolerate actions that undermine the dominance of the dollar.
“The idea that the BRICS countries are trying to get rid of the dollar while we stand by and do nothing is over. We demand a commitment from these countries that they will not create new BRICS currencies or support any other currency to replace the strong dollar, otherwise they will Facing 100% tariffs and should prepare to say goodbye to selling products to the wonderful American economy,” he point out.
This warning is consistent with Trump’s campaign promises Maintain the U.S. dollar’s global reserve status. There are reports that his team is already exploring punitive measures against countries Promote de-dollarization strategy.
The BRICS grouping of Brazil, Russia, India, China and South Africa has been at the forefront of de-dollarization discussions since 2023. The talks gained momentum during a summit of member states. Explore alternative resolution mechanismsincluding using RMB and blockchain-based stablecoins.
Market analysts point out that such digital currencies can bypass U.S. sanctions and provide a new framework for international trade.
This year, the BRICS expanded its membership for the first time in more than a decade, adding Iran, Saudi Arabia, the United Arab Emirates, Ethiopia and Egypt. A further 34 countries have expressed interest in joining, as the group aims to strengthen its influence in the global economy. By leveraging local currencies and alternative banking networks, member states hope to Reduce reliance on the U.S. dollar while circumventing Western sanctions.
Observers say these moves could reshape international trade dynamics. However, Trump’s hardline stance suggests that economic tensions between the United States and BRICS countries may escalate.
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