US President Donald Trump has proclaimed that the BRICS alliance, consisting of Brazil, Russia, India, China, and South Africa, is 'dead,' based on his claim that it was established for a 'bad purpose.' During a press conference on Thursday, Trump reiterated his warning of imposing a 100% tariff on BRICS nations if they attempt to replace the US dollar with another currency in international transactions.

Trump's comments focused on the bloc's purported intentions to create alternative trading systems that would challenge the dollar's supremacy.

‘The US will cease trade with BRICS nations if they wish to play games,’ Trump remarked, implying that any future trade dealings would incur extremely high tariffs.

He added, 'Those countries won't trade with us. We won't trade with them,' suggesting severe economic repercussions for those involved in BRICS initiatives that threaten the dollar's standing.

The president's statements arise amid growing discussions among BRICS members about the possibility of de-dollarization.

Earlier in January, Trump warned through his platform, Truth Social, that he would impose tariffs on BRICS nations looking to adopt a new currency, claiming that such actions would not be ignored by the United States.

In 2023, at the 15th BRICS Summit, Russian President Vladimir Putin emphasized the importance of member countries increasing trade in their national currencies and strengthening banking cooperation.

In June 2024, BRICS foreign ministers gathered in Nizhny Novgorod, Russia, promoting the use of local currencies in both bilateral and multilateral trade dealings.

Trump, referring to remarks made by former President Joe Biden regarding the US's economic status, highlighted that the United States continues to wield considerable influence over BRICS nations.

He stated, 'It's not even a threat. In fact, since I made that statement, Biden said they have us over a barrel. I said, No, we have them over a barrel.'

Historically, Trump's position reflects a general skepticism towards multilateral agreements and alternative economic frameworks that could weaken the US dollar's established role as the dominant currency in global trade.