President-elect Donald Trump has threatened to impose a 100% tariff on the BRICS group nations in the event that they undercut the US greenback.

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“We require a commitment… 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 percent Tariffs,” Donald Trump wrote on his Truth Social web site, referring to the grouping that features Brazil, Russia, India, China, South Africa and others.

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