President Donald Trump has taken a decisive stand to protect the U.S. dollar’s position in global trade, warning BRICS nations against undermining its role. In a statement on Truth Social, Trump threatened 100% tariffs on any country attempting to create or support an alternative to the dollar.

The BRICS group — comprising Brazil, Russia, India, China, and South Africa — has intensified efforts to move away from the dollar in recent years. Their push for a new currency reflects growing dissatisfaction with the dominance of the U.S. financial system, particularly after President Joe Biden’s sanctions on Russia raised concerns about its stability.

Trump’s statement emphasized the dollar’s critical role in maintaining America’s economic and geopolitical power. “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 U.S. Dollar,” he said. “They can go find another ‘sucker!’”

The threat of tariffs signals a proactive approach to preserving the dollar’s influence. For decades, the U.S. dollar has been the backbone of global trade, enabling America to finance its economy and sustain its position as a global leader. Trump’s policy aims to counter moves by China and Russia to erode this advantage, which could have disastrous consequences for U.S. interests.

With the recent addition of several nations to BRICS, the group’s potential influence has grown. However, Trump’s warning highlights the importance of protecting America’s financial system from coordinated efforts to destabilize it. His firm stance is a reminder of the vital role the U.S. dollar plays in sustaining the country’s prosperity and influence.