#TrumpTariffs In late 2024, former President Donald Trump proposed imposing 100% tariffs on BRICS nations—Brazil, Russia, India, China, and South Africa—if they moved to undermine the U.S. dollar in global trade. This aggressive strategy aims to defend the dollar's global dominance amid rising efforts by these nations to de-dollarize their economies.

Trump's proposal has sparked concern among economists, who warn it could trigger trade wars and drive up inflation in the U.S. While the dollar still holds the top spot as the global reserve currency, its influence is gradually shrinking. These proposed tariffs could further strain global economic stability.