U.S. President Donald Trump has issued a strong warning to BRICS nations—Brazil, Russia, India, China, and South Africa—threatening to impose tariffs as high as 150% and even halt trade with them if they move forward with plans that could undermine the U.S. dollar’s global dominance.
Trump’s remarks come amid growing concerns in Washington over BRICS’ efforts to explore alternatives to the dollar for international trade. The warning also coincides with the upcoming BRICS summit in July, where discussions on financial independence from the U.S. are expected to take center stage.
In response, China has been actively expanding its economic partnerships in Latin America, strengthening ties with nations like Bolivia. Chinese Foreign Minister Wang Yi recently reaffirmed Beijing’s commitment to increasing cooperation in the region.
As global economic tensions rise, the potential impact of Trump’s tariff threats on trade relations and market stability remains uncertain. The upcoming BRICS summit will likely play a critical role in shaping the next steps for these nations.
