Trump is threatening 100% tariffs against a bloc of nine nations including Brazil, Russia, India, China and South Africa if they act to undermine the U.S. dollar.

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

President-elect Donald Trump said he would require countries that are part of BRICS — a China- and Russia-backed group of emerging economies — to commit to not creating new currency or face 100% tariffs during his administration.

Hello, this is Colum Murphy in Beijing, where Donald Trump’s penchant for doing the surprising … well … surprised everyone again this week.

In a forceful statement on Saturday, US President-elect Donald Trump issued a stern warning to BRICS member nations and their allies, threatening to impose 100% tariffs on their exports to the United States if they proceed with plans to introduce or support a currency aimed at replacing the US dollar in international trade.

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.