Trump is threatening 100% tariffs against a bloc of nine nations including Brazil, Russia, India, China and South Africa if they act to undermine the U.S. dollar.

President-elect Trump on Saturday threatened the developing countries known the the BRICS bloc with "100% tariffs" if they try to move away or replace the dollar.

President Cyril Ramaphosa speaks during a press conference with fellow BRICS leaders Luiz Inacio Lula da Silva of Brazil, Xi Jinping of China, Narendra Modi of India and Russian Foreign Minister Sergei Lavrov at the 2023 BRICS summit in Johannesburg ...