BRICS nations would suffer under a 100 percent tariff from Trump

The economies of BRICS nations would be damaged should US president-elect Donald Trump impose a 100-percent tariff on the countries. This is according to Future Forex CEO, Harry Scherzer.

Trump has threatened to impose the tariff if BRICS countries were to create a rival currency to the US dollar. Scherzer says the possibility that Trump sticks to his guns and does impose tariffs, would hamstring South Africa in particular, given the strong trading alliance with America.