PUBLISHED : 31 Jan 2025 at 11: 22
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(From left) President of Brazil Luiz Inacio Lula da Silva, President of China Xi Jinping, South African President Cyril Ramaphosa, Prime Minister of India Narendra Modi and Russia’s Foreign Minister Sergei Lavrov pose for a Brics family photo during the summit in Johannesburg, South Africa, on Aug 23, 2023. (Photo: Pool via Reuters)
President Donald Trump on Thursday warned off Brics member countries from replacing the US dollar as a reserve currency by repeating a 100%-tariffs threat he had made weeks after winning the November presidential elections.
“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 US Dollar or, they will face 100% Tariffs,” Trump said on Truth Social in a statement nearly identical to one he posted on Thursday.
At th
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