Countries Relying on U.S to Face Serious Economic Challenge as Trump Threatens 100% Tariffs on BRICS Countries

The yet-to-be inaugurated 47th President of the United States (US), Donald Trump, has threatened that BRICS Countries (Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates) will face 100% tariffs if they try to undermine the dominance of the U.S dollar and compete with the country’s economy.

 

In a short statement he posted on his Truth Social Media Platform, President Trump message was that any effort by BRICS nations to challenge the dollar’s status in international trade would be met with severe economic repercussions.

 

He emphasized, “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER. There is no chance that the BRICS will replace the U.S. Dollar in International Trade, and any Country that tries should wave goodbye to America.”

 

He said the U.S. requires commitments from BRICS Countries but such will never be to create a new competitive currency or endorsing any existing currency to replace the dollar.

 

President Trump said such will never happen, stating that “We require a commitment from these 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, and should expect to say goodbye to selling into the wonderful U.S. Economy. They can go find another “sucker!” There is no chance that the BRICS will replace the U.S. Dollar in International Trade, and any Country that tries should wave goodbye to America.”

 

Worthy of note, the decision to announce 100% tariffs on BRICS countries will most likely affect BRICS countries with high dependent on the U.S. economy. Most african countries here could be affected. For example Brazil primarily exports soybeans, crude oil, iron ore, coffee, and poultry with the United States being its biggest buyer—Brazil is one of the top suppliers of soybeans to the U.S.

 

The U.S. only exports machinery, petroleum products, aircraft, and vehicles. High-tech products like electronic and electrical equipment are also significant—all of which Brazil depends greatly.

 

This applies to other countries like South Africa which exports exports primarily platinum group metals, gold, diamonds, automotive parts, and fruits like oranges to the U.S. While the U.S. exports machinery, vehicles, aircraft, chemicals, and agricultural products.

 

If the U.S. stops its exports to South Africa, the country can manage to get all U.S. exports somewhere else, but 100% on the country in the U.S. will mean South Africa, as well as Egypt, Ethiopia, Iran, Saudi Arabia, the UAE, alongside other countries will pay more which can leave their economies in serious situations. In all these, Nigeria is still sitting on the fence.

 

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