Donald Trump threatens 100% tariffs on BRICS

US President-elect Donald Trump has warned BRICS nations against creating a new currency to replace the US dollar, demanding commitments to maintain the dollar’s dominance. He also repeated threats to levy a 100% tariff. Bloomberg reports that Saturday’s threat on Truth Social took on new relevance as the president-elect prepares to retake power in January.

In response, South Africa’s former Public Protector Thuli Madonsela criticized Trump’s position on X, saying that no country has the right to dominate others. She urged African leaders to use Trump’s threat as an opportunity to diversify their economies and trade partnerships.