Trump threatens 100% tariffs on BRICS nations if they move away from US dollar in international trade
Warning follows BRICS+ expansion to include Egypt, Ethiopia, Indonesia, Iran, and UAE
Trump's statement mirrors his November 2024 post-election message verbatim
BRICS members actively promoting local currency trade, especially after Western sanctions on Russia
Putin specifically called for de-dollarization at 2023 BRICS Summit
June 2024 BRICS meeting in Russia pushed further for local currency transactions
Atlantic Council study shows dollar remains dominant despite de-dollarization efforts
Trump links tariff threats to his broader trade strategy with Mexico and Canada
Trump labels India "very big abuser" of trade policies while targeting all BRICS+ members
Economists warn proposed tariffs could increase costs for US consumers and businesses
Here are the top political news stories for today.
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