President-elect Trump's plan to raise tariffs by 25 percent on goods from Mexico and Canada and 10 percent on Chinese goods has the auto, agriculture and other industries bracing for the potential blow. NBC News' Hallie Jackson reports on how some businesses are trying to adapt.
In a post on Truth Social Saturday, President-elect Donald Trump said he would impose a 100% tariff on the BRICS geopolitical coalition of non-Western countries if the group moves away from trading using the U.S. dollar. “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,” Trump wrote. “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S.
This is Trump’s second time this week threatening to raise tariffs on outside nations. On Monday, the president-elect wrote in a post on Truth Social that he planned to impose a 25% tariff on products imported from Mexico and Canada. He argued that the purpose of the tariff would be to curb the fentanyl crisis.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Replace US dollar and face 100 percent tariff: Trump threatens BRICSThe statement comes after a BRICS summit held last month in Kazan, Russia, where the countries discussed boosting non-dollar transactions and strengthening local currencies.
Read more »
Donald Trump Threatens BRICS Countries—Including Russia, India—With 100% TariffsTy Roush is a New York City-based breaking news reporter who frequently covers Russia’s invasion of Ukraine, the automotive industry and sports money. He joined Forbes in 2022 and has covered Exxon acquiring Pioneer for nearly $60 billion, a mysterious respiratory illness affecting dogs across the U.S.
Read more »
Trump Threatens 100% Tariffs for BRICS Countries Refusing to Use US DollarU.S. President Trump's threat targets countries in the BRICS alliance, demanding a commitment against creating a new currency to replace the U.S. dollar, or facing 100% tariffs and exclusion from the U.S. market. The move reflects growing dissatisfaction among BRICS members and other developing nations with America's dominance in the global financial system.
Read more »
Kirill Petrenko finds leading the Berlin Philharmonic means 100 opinions and 100 expectationsIn his sixth season as chief conductor, Kirill Petrenko is leading the Berlin Philharmonic on its 25th U.S. tour and second in three years. There are eight performances from Nov. 15-26 in Washington, D.C., New York, Boston, Ann Arbor, Michigan, and Chicago.
Read more »
Kirill Petrenko finds leading the Berlin Philharmonic means 100 opinions and 100 expectationsIn his sixth season as chief conductor, Kirill Petrenko is leading the Berlin Philharmonic on its 25th U.S. tour and second in three years.
Read more »
Kirill Petrenko finds leading the Berlin Philharmonic means 100 opinions and 100 expectationsIn his sixth season as chief conductor, Kirill Petrenko is leading the Berlin Philharmonic on its 25th U.S. tour and second in three years.
Read more »