New Delhi, Feb 14 (UNI) US President Donald Trump has once again issued a stern warning to BRICS countries of which India is a key member, threatening to impose a 100% tariff in case they decided to challenge the dominance of the US dollar in international trade.
“BRICS was put there for a bad purpose and most of those people don’t want it… I told them if they want to play games with the dollar, then they are going to be hit by a 100% tariff. The day they mention that they want to do it, they will come back and say – we beg you, we beg you not to do this,” Trump said while speaking to journalists in Washington.
Earlier in January also, Trump had threatened to impose tariffs on BRICS countries if they tried to introduce alternative currency to the US Dollar.
“The idea that the BRICS Countries are trying to move away from the Dollar, while we stand by and watch, is over. We are going to require a commitment from these seemingly hostile countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy,” he had said.
The BRICS includes 10 countries – Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russian Federation, South Africa, United Arab Emirates.
