The U.S. president said BRICS nations could face steep trade penalties if they create or support an alternative reserve currency that undermines the U.S. dollar.
President Trump renewed a warning that BRICS nations could be hit with 100% tariffs if they undermine the U.S. dollar by creating or backing an alternative reserve currency. The remark underscores how closely any effort to reduce reliance on the dollar is tied to trade policy and geopolitics, with reserve-currency status shaping global payments, commodity pricing and capital flows.