Trump warns BRICS not to undermine dollar, threatening 100% tariffs

U.S. president-elect demands 'commitment' from bloc to use greenback

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Donald Trump said any country that tries to replace the U.S. dollar in global trade "should wave goodbye to America." © Reuters

WEST PALM BEACH, Florida (AP) -- U.S. President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar.

His threat was directed at countries in the BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.

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