Trump issued a stern warning to China over its BRICS bloc ambitions in a Truth Social post on Saturday afternoon.

While China could offset American tariffs by letting its currency fall, that might endanger Beijing’s recent efforts to stabilize the economy.

Members of the alliance and other developing nations say they are fed up with America's dominance of the global financial system

President-elect Donald Trump on Saturday warned BRICS countries against any move to replace the US dollar and has sought a commitment from the nine-member group that includes India, Russia, China, and Brazi.

President-elect Trump on Saturday threatened to impose 100% tariffs against emerging markets that try to shift away from the U.S. dollar in international trade. Why it matters: The threat against the BRICS nations (primarily Brazil,

US President-elect Donald Trump has threatened to impose 100% tariffs on the BRICS countries in his post on Truth Social if they do not give up trying to find an alternative to the dollar in international trade.

U.S. President-elect Donald Trump threatens BRICS nations with 100% tariffs if they create a new currency to replace the U.S.

President-elect of the USA, Donald Trump, threatened the BRICS countries on Saturday with 100-percent tariffs on their products. This will occur if BRICS challenges the dollar's position as the dominant currency in international economic relations.

President-elect of the United States, Donald Trump, threatened the BRICS countries on Saturday with 100 percent tariffs on their products. This will occur if BRICS challenges the dollar's position as the most important currency in international economic relations.

The group, which includes Brazil, Russia, India, China and others, discussed boosting non-dollar transactions at a recent summit.