Trump threatens to impose 100% tariffs and permanently break up with Putin's BRICS if they dethrone the US dollar

President-elect Donald Trump has directly threatened BRICS countries, demanding that they abandon any plans to create a new currency. If they don't do that, Trump said he would impose a 100% brutal tax on their goods and exclude them from the US market forever. The warning came as BRICS, led by Russian President Vladimir Putin, his close enemy, was seeking alternatives to the US dollar, which Trump has always made clear he would not tolerate. In an enthusiastic post on Truth Social, the President stated, 'The idea that BRICS countries are trying to distance themselves from the dollar while we just stand by is OVER.' He straightforwardly demanded that these countries commit firmly to abandoning any plans for the BRICS currency or any other system designed to replace the dollar. "If they refuse," Trump warned, adding that: "They should expect to say goodbye to selling into the great U.S. economy. They could go find another 'fool'! There is no chance of BRICS replacing the U.S. dollar in International Trade, and any country that tries should wave goodbye to America." A global battle to control currencies Throughout his campaign, Trump emphasized the idea that the US dollar must remain the world's reserve currency. He called any effort to challenge the dollar a direct threat to the US economy. What was his response? Causing anyone who tried to suffer dire financial consequences. Trump's team is currently brainstorming ways to punish countries trading in currencies other than the dollar. According to insiders, options on the table include labeling countries as currency manipulators, enforcing strict export controls, and imposing heavy taxes on them. The simple and laughable goal: to make abandoning the dollar so expensive that no one dares to try. BRICS have voiced their dissatisfaction with the dominance of the dollar. Especially after the US sanctions against Russia in 2022, the leverage that the US holds through its currency has been clarified. At this year's annual summit organized by Putin in October, BRICS leaders discussed "de-dollarization". Is a trade war about to break out? Trump's strategy is not just limited to BRICS. He threatens everyone. In the past week, he has outlined a plan to impose a 10% tariff on goods from China and a 25% tariff on imports from Mexico and Canada. These tariffs relate to broader issues, including illegal immigration and drug trafficking. The president said he would take these measures if those countries did not step up efforts to secure U.S. borders. The impact of Trump's threats has been felt. The market is unstable and currencies like the Canadian dollar have been affected. Canadian Prime Minister Justin Trudeau hurried to Florida to meet with Trump following the announcement of tariffs. In a three-hour dinner at Mar-a-Lago, the two leaders discussed trade projects, border security, and energy, including the Keystone XL pipeline, which has been canceled under the Biden administration. Trudeau is accompanied by Minister of Public Safety Dominic LeBlanc and Chief of Staff Katie Telford. On the US side, the dinner was attended by Trump's key allies such as National Security Advisor Mike Waltz and selected Minister of Commerce Howard Lutnick. Despite the negotiations, no solution has been reached and Trump's threats of tariffs are still on the table. Putin: Russia is not abandoning the dollar, it is the United States that is abandoning Russia Meanwhile, Putin is actually opposing the narrative that Russia is trying to abandon the dollar. Speaking at the Valdai Discussion Club earlier this month, Putin said that Russia has never chosen to abandon the dollar—rather, it has been forced to do so. "We were just rejected from using the dollar as a payment tool," he said, blaming the Biden administration for turning this currency into a weapon. He criticized the US for weakening its own currency, calling this decision "foolish". According to Putin, the dollar is the foundation of US power and its dominance may backfire. He made it clear that Russia is not actively trying to replace the dollar but is preparing for a world where the dollar no longer dominates. "We are not struggling with the US dollar," he added. Instead, Russia is developing new tools and systems to adapt to the changing global economy. For Trump, none of this matters. Whether the BRICS countries are actively trying to replace the US dollar or not, his position is clear: any action that avoids the US dollar will have serious consequences. The situation is unstable. Trump hadn't even taken office yet, and his threats rattled global markets. You can only imagine the implications when he makes them.