United States President Donald Trump has urged BRICS member states (Brazil, Russia, India, China and South Africa) to pledge not to create new currency or support another foreign currency such as replacement for the US dollar. Otherwise, he has warned that they will face 100 percent fees.
“We demand that those countries be committed not to create a new currency of Brics nor to support any other currency to replace the powerful US dollar or will face 100 percent tariffs and will have to wait They say goodbye to sales in the big American economy, ”Trump wrote in social trumps. He further said that it is unlikely to replace the US dollar in international trade. BRICS consists of a group of five economies – Brazil, Russia, India, China and South Africa. He also unites Iran, Egypt, Ethiopia and the United Arab Emirates.