Trump threatens 100 percent tariffs on BRICS nations over dollar replacement plans

President-elect Donald Trump has threatened to impose 100 percent tariffs on BRICS nations if they move to replace the US dollar in international trade. The dollar currently serves as the world's reserve currency, used in about 80 percent of global transactions. BRICS nations, which include Brazil, Russia, India, China, and South Africa, are seeking to reduce their reliance on the dollar. They have proposed creating a common currency to facilitate trade among themselves. Trump's warning comes amid ongoing tensions over the dollar's dominance and its use as a political tool by the US. The situation is evolving as BRICS countries explore alternatives to the dollar.