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Prominent South Africans reacted angrily on Sunday to President-elect Donald Trump’s threat to impose 100% tariffs on the BRICS countries if they tried to create an alternative to the U.S. dollar as the global reserve and trade currency.
BRICS, which stands for the countries of “Brazil, Russia, India, China, and South Africa,” is described as being “an informal grouping of emerging economies hoping to increase their sway in the global order,” according to the Council on Foreign Relations. The group was established in 2009, with South Africa joining a year later.
Later, after receiving responses from South Africans who actually agreed with Trump, Madonsela said that Trump’s logic was an example of “supremacist paradigms” that allowed ” Gender Based Violence to prevail with impunity.”. The South African currency, the Rand, was once stronger than the dollar, but has declined significantly in value over several decades.to push for change in South Africa, with a key trade agreement up for renewal, and South Africa planning to host the G-20 next November.
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