President-elect Donald Trump threatens to impose a 100% tariff on the BRICS coalition if they move away from using the U.S. dollar. The BRICS alliance consists of Brazil, Russia, India, China, and South Africa, with additional members added in 2023. Trump believes that the U.S. dollar should not be replaced in international trade and is willing to impose tariffs to enforce this. Some experts doubt the feasibility of BRICS creating its own currency due to differences between member nations. Despite this, some BRICS countries are major trading partners with the U.S., such as China and India.
Trump has also threatened to raise tariffs on Mexico, Canada, and China to tackle the fentanyl crisis and drug epidemic in the U.S. Canadian Prime Minister Justin Trudeau met with Trump at Mar-a-Lago to discuss cooperation on these issues. Mexican President Claudia Sheinbaum emphasized the need for cooperation rather than threats or tariffs, leading to a controversial conversation between her and Trump. She stated Mexico’s commitment to addressing migration and drug issues through collaboration, not border closures.
Trump’s stance on tariffs and his efforts to address the drug epidemic have sparked conversations and controversies with leaders of other countries. Despite differences in approach, the overarching goal is to address these challenges collaboratively and ensure the well-being of citizens in the U.S. and partner nations.
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