Although he will not take office for another seven weeks, President-elect Donald Trump issued a threat to the so-called BRICS nations over the weekend, saying he will impose a 100% tariff on imports from those countries if they attempt to create a currency that serves as an alternative to the U.

Over the weekend, President-elect Donald Trump made new tariff threats toward a number of nations, including some adversaries. The proposals include a 25% tariff on all Candian and Mexican imports, plus a 100% tariff on imports from the Brics Economic Alliance if it undermines the strength of the US dollar.