Donald Trump issued a warning on his social platform Truth Social, demanding that BRICS countries commit to not creating a new common currency and not supporting other currencies to replace the US dollar, or they will face tariffs of up to 100% and lose access to the US market. The BRICS countries, including Brazil, Russia, India, China, and South Africa, aim to weaken the dominance of Western countries in global affairs and promote a multipolar world order. In the financial sector, these countries have been seeking to reduce their dependence on the dollar and have even considered creating a common currency, but progress has been slow due to disagreements among member countries over issues of sovereignty in monetary and economic policy.
At the recent BRICS summit, Russian President Vladimir Putin stated that the idea of creating a unified currency has been temporarily abandoned, believing that this plan is not yet mature. Trump's threats not only exert direct pressure on BRICS countries but also reflect his concerns about the global economic landscape, particularly the maintenance of the dollar's status as the world's primary reserve currency.
In the cryptocurrency space, Trump's remarks may spark interest in digital currencies and other alternative currencies. As BRICS countries seek to reduce their dependence on the dollar, the rise of digital currencies could become a new financial tool, challenging the traditional currency system. Trump's threat of tariffs and concerns about trade wars may accelerate countries' exploration of digital currencies to cope with potential economic sanctions and market uncertainties. Therefore, the development of cryptocurrency is closely related to the international political and economic situation and may be influenced by Trump's policies in the future.
