Trump’s Threat to BRICS and Egypt’s Role in the Bloc ...Egypt

US President-elect Donald Trump has raised the stakes for the BRICS bloc—Brazil, Russia, India, China, South Africa, and newcomers Egypt, Iran, Ethiopia, and the UAE—by threatening 100 percent tariffs on their exports if they move to create a common currency. This announcement underscores Trump’s long-standing protectionist trade policies and his intent to assert the US dollar’s dominance in global trade. In a message posted on Truth Social, Trump’s social media network, the US President-elect stated, “The idea that the BRICS countries are trying to move away from the Dollar while we stand by and watch is OVER.” His comments come amid renewed discussions within BRICS about creating a currenc

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