TOI explains: What’s behind Trump’s threat Of 100% tariff on Brics?

US President-elect Donald Trump threatened 100% tariffs on BRICS countries if they pursue new currency alternatives to the US Dollar, citing its dominant role in foreign exchange reserves and trade. However, experts argue that such tariffs could harm US consumers and global trade, with many nations driven to ‘de-dollarise’ due to geopolitical and economic incentives.