U.S. President-elect Donald Trump on Saturday demanded that BRICS member countries commit to not creating a new currency or supporting another currency that would replace the United States dollar or face 100% tariffs.

President-elect Donald Trump is threatening 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar.

At a Brics summit in October, countries discussed boosting non-dollar transactions and strengthening local currencies. Read more at straitstimes.com.

While China could offset American tariffs by letting its currency fall, that might endanger Beijing’s recent efforts to stabilize the economy.

The dollar advanced after President-elect Donald Trump vowed additional tariffs on Mexico, Canada and China, upending recent macro bets on more measured economic plans from the next US administration.

Donald Trump warns of 100% tariffs on BRIC nations if they undermine the US dollar, highlighting tensions in global finance.

The dollar is already surging to two-year highs against currencies of America's main trading rivals, offsetting the very competitiveness Trump's tariff plans aim to protect.

President-elect Trump on Saturday threatened to impose 100% tariffs against emerging markets that try to shift away from the U.S. dollar in international trade. Why it matters: The threat against the BRICS nations (primarily Brazil,

U.S. President-elect Donald Trump threatens BRICS nations with 100% tariffs if they create a new currency to replace the U.S.

President-elect of the USA, Donald Trump, threatened the BRICS countries on Saturday with 100-percent tariffs on their products. This will occur if BRICS challenges the dollar's position as the dominant currency in international economic relations.

President-elect of the United States, Donald Trump, threatened the BRICS countries on Saturday with 100 percent tariffs on their products. This will occur if BRICS challenges the dollar's position as the most important currency in international economic relations.