US president-elect Donald Trump warns BRICS "to go find another sucker" if they scrap the dollar as a trading currency, a leading economist has warned of economic implications for South Africa.
Trump strongly cautioned BRICS countries about "facing 100% tariffs", saying they should "expect to say goodbye to selling into the wonderful US economy" in his latest tweet.
In one of the harshest warnings, Trump said: "The idea that the BRICS countries are trying to move away from the dollar, while we stand by and watch, is over.
"We require a commitment from these 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, and should expect to say goodbye to selling into the wonderful US economy.
"There is no chance that the BRICS will replace the dollar in international trade and any country that tries should wave goodbye to America."
This story is from the December 02, 2024 edition of The Citizen.
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This story is from the December 02, 2024 edition of The Citizen.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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