Trump Warns BRICS Countries May be Next in His Tariff Campaign

As Donald Trump prepared to launch a trade war against his North American neighbors on Friday, the U.S. president focused renewed attention on what could be his next target: the ten member states of the BRICS group.

The president is seemingly concerned about the long-held desire of some BRICS members to form their own currency, which could potentially rival the dollar’s status as the global reserve currency. If they did launch a new currency, which most experts say is highly unlikely, then Trump said he would retaliate with “100% tariffs, and [they] should expect to say goodbye to selling into the wonderful U.S. economy.”

  • Get a daily email packed with the latest news and analysis from Africa, Asia, and across the Global South.
  • Read exclusive insights on the key trends shaping China’s relations across the Global South.
  • Full access to the News Feed that provides daily updates on Chinese engagement in the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

OR

Already a subscriber? Log in Click Here to Learn More
by Eric Olander

Most Read

1
Developing Countries’ Debt Servicing Costs to China Are Significant, but Nowhere Near as Much as Other Creditors
2
Uncertainty Roils Minerals Markets
3 Chinese Military Fans Discuss Why Indonesia Bought Rafale Instead of J-10C
4 From J-10C to Kaan? Indonesia’s Fighter Jet Deal With Turkey Shocks Chinese Military Fans
5
Indonesia Goes Nuclear, Taps China and Russia for Modular Reactors
6
Chinese Cargo Planes Secretly Ferrying Supplies to Iran, Claim Online Sleuths

What is The China-Global South Project?

Independent

The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.

More about CGSP