President-elect Trump on Saturday threatened “100 percent tariffs” on the bloc of nations known as BRICS – Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates – if they try to replace them or moving away from the US dollar.

“The idea that the BRICS are trying to move away from the dollar while we watch is OVER,” Trump wrote on Truth Social Saturday afternoon.

He continued: “We demand a commitment from these countries not to create a new BRICS currency nor to support any other currency to replace the powerful US dollar, otherwise 100 percent tariffs will be imposed on them and they should expect it “To say goodbye to selling the wonderful US economy.”

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President-elect Trump on Saturday warned the bloc of nations known as BRICS — Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates — if they try to replace or move away from the U.S. dollar. (Allison Robbert/Pool via AP, File/AP Newsroom)

“You can find another “idiot!” 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,” he wrote.

After the U.S. imposed debilitating sanctions on Russia over its 2022 invasion of Ukraine, the group of countries increasingly began discussing relying less on the dollar, according to Politico.

Replacing the dollar has been a goal of the BRICS group for years, but has previously been thwarted by power struggles between the various countries.

After the U.S. imposed debilitating sanctions on Russia over its 2022 invasion of Ukraine, the group of countries increasingly began discussing relying less on the dollar. (Getty Images/Getty Images)

Trump’s proposed tariffs on Mexico, Canada and China will increase inflation, warns Goldman Sachs

The US dollar is the most widely used currency in the global economy.

Trump has also threatened Mexico and Canada with 25% tariffs over illegal immigration and the flow of illegal drugs across the U.S.’s northern and southern borders.

Trump said he had a “very productive” conversation with Canadian Prime Minister Justin Trudeau. (Dan Kitwood/Getty Images)

He has since spoken to Mexican President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau.

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Sheinbaum said she believed a tariff war could be averted and Trump called his conversation with Trudeau “very productive,” but neither leader indicated whether a decision had been made on tariffs.