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HomeBusinessBusiness newsTrump reiterates BRICS tariffs threat

Trump reiterates BRICS tariffs threat

US President Donald Trump arrives to speak about the mid-air crash between American Airlines flight 5342 and a military helicopter in Washington, in the Brady Press Briefing Room at the White House on January 30, 2025 in Washington, DC. Divers pulled bodies from the icy waters of Washington’s Potomac river Thursday after a US military helicopter collided midair with a passenger plane carrying 64 people, with officials saying there were likely no survivors. (Photo by Oliver Contreras / AFP)

Washington, United States — US President Donald Trump reiterated Thursday his threat to place 100 percent tariffs on BRICS nations, as the deadline loomed for him to impose tariffs on Canada and Mexico.

Trump had previously threatened 100 percent tariffs on BRICS nations — a bloc including Brazil, Russia, India, China and South Africa — if they create a rival to the US dollar, which he doubled down on Thursday night.

“The idea that the BRICS Countries are trying to move away from the Dollar, while we stand by and watch, is OVER,” he posted on his Truth Social platform.

“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,” he continued.

Trump’s comments on possible BRICS tariffs came days before a February 1 deadline he set shortly after taking office whereupon he would place 25 percent tariffs on neighbors Canada and Mexico unless they cracked down on illegal migrants crossing the US border and the flow of deadly fentanyl.

Trump has separately threatened China — a member of the BRICS bloc — with an additional 10 percent levy on goods as soon as February 1 due to a trade imbalance and its alleged role in the US fentanyl supply.