US President-elect Donald Trump has warned the so-called BRICS countries that he will demand commitments that they will not create a new currency as an alternative to using the US dollar and has repeatedly threatened to impose 100% customs duties.

“The idea that the BRICS countries are trying to move away from the dollar while we sit idly by is over,” Trump said in a message published Saturday on his Truth Social network.

“We demand that these countries commit not to create a new BRICS currency, nor support another currency to replace the powerful US dollar, otherwise they will face 100% tariffs and should expect to tell the see again for sale in the wonderful United States Economy,” he added.

Trump, during his election campaign, promised that he would make it costly for countries to abandon the US dollar. And he threatened to use tariffs to ensure compliance. Saturday’s threat took on a new dimension as the president-elect prepares to return to power in January.

Trump and his economic advisers have discussed ways to punish allies and adversaries alike who seek to engage in bilateral trade in currencies other than the dollar. Those measures include examining options such as export controls, currency manipulation fees and trade levies, according to people familiar with the matter.

Trump has long emphasized that he wants the U.S. dollar to remain the world’s reserve currency, saying in a March interview with CNBC that he “would not allow countries to move away from the dollar” because it would be “a coup hard for our country.

The BRICS countries – as Brazil, Russia, India, China and South Africa are collectively known – discussed the issue of dedollarization at a summit in 2023. The backlash against China’s dominance dollar strengthened in 2022 as the United States led efforts to impose economic sanctions. on Russia.

Economic advisers to Trump and his campaign have talked in particular about targeting BRICS efforts.

Earlier: Trump aides discuss sanctions for countries that dedollarize

“There is no chance that BRICS will replace the US dollar in international trade, and any country that tries should say goodbye to America,” Trump said on Saturday.

The president-elect has already shaken global markets ahead of his second term by threatening to impose additional tariffs of 10% on goods from China and 25% on all products from Mexico and Canada if these countries are not doing more to stem the flow of goods. illegal drugs and undocumented migrants across U.S. borders.

Canadian Prime Minister Justin Trudeau met with Trump on Friday to discuss trade and border issues in a bid to ease tensions between the two allied countries after the tariff threat.