In a post on Truth Social Saturday, President-elect Donald Trump said he would impose a 100 percent tariff on the geopolitical coalition of non-Western BRICS countries if the group stops trading with the U.S. dollar.

“The idea that the BRICS are trying to move away from the dollar while we watch is OVER,” Trump wrote. “We require these countries to commit to neither creating a new BRICS currency nor supporting any other currency to replace the mighty US dollar, otherwise they will face 100 percent tariffs and should expect to refrain from selling in to say goodbye to the wonderful USA. “Economy.”

“You can find another ‘sucker!’ There is no chance that the BRICS will replace the US dollar in international trade, and any country that tries should say goodbye to America,” the president-elect added .

The BRICS alliance is a coalition of non-Western countries that came together for the first official BRIC summit in 2009, with Brazil, Russia, India and China joining the informal group. A year later, South Africa joined, thereby consolidating the name BRICS.

At a summit in 2023, the group expanded for the first time in over a decade, inviting Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates.

At the same summit, the topic of “dedollarization,” or reducing the influence of the U.S. dollar in global trade, gained momentum, although this is not a new idea for the group.

Experts are skeptical that the BRICS would succeed in creating its own currency for global trade, citing power struggles between member states and wide differences in the way countries run their economies and financial institutions.

Still, some BRICS members are among the United States’ largest trading partners, including India and China.

According to the Office of the U.S. Trade Representative, United States trade in goods and services with China was estimated at $758.4 billion in 2022, and trade in goods and services between the United States and India was estimated at $758.4 billion in 2022 $191.8 billion.

Representatives of the BRICS embassies in the US did not immediately respond to requests for comment.

This is the second time this week that Trump has threatened to increase tariffs on foreign countries.

On Monday, the president-elect wrote in a post on Truth Social that he plans to impose a 25% tariff on products imported from Mexico and Canada. He argued that the purpose of the tariff was to curb the fentanyl crisis.

In the same post, he threatened to impose a 10% tariff on China, writing: “I have had many discussions with China about the massive amounts of drugs, particularly fentanyl, being sent to the United States – but to no avail.” Until they stop, we will charge China an additional 10% tariff on top of any additional tariffs on all of its many products entering the United States of America.”

On Friday, Canadian Prime Minister Justin Trudeau traveled to West Palm Beach to meet Trump at his Mar-a-Lago resort.

On Saturday, Trump called their conversation “very productive” in a separate social media post.

Trump added: “I have made it very clear that the United States will no longer stand idly by as our citizens fall victim to the scourge of this drug epidemic, caused primarily by the drug cartels and the fentanyl flowing in from China.” Too much death and Emergency! Prime Minister Trudeau is committed to working with us to end this terrible devastation to U.S. families.”

In a letter to Trump on Tuesday, Mexican President Claudia Sheinbaum wrote that “migration and drug use in the United States cannot be combated through threats or tariffs.”

“To overcome these major challenges, collaboration and mutual understanding are required. For every tariff there will be a return in kind until we jeopardize our joint ventures,” she added.

Sheinbaum and Trump spoke by phone on Wednesday, but the conversation sparked a “he said, she said” controversy over whether Sheinbaum had agreed to stop immigration from Mexico to the United States, which Trump allegedly did.

In her own recollection of the conversation, Sheinbaum wrote on but to build bridges between the government and the population.”