<h1>President threatens 10 percent tariff on BRICS nations over dollar dominance concerns</h1> The US President announced plans to impose a 10 percent tariff on BRICS member countries, claiming the bloc was established to undermine the US dollar's global reserve currency status. Speaking at a Cabinet meeting, the President characterized BRICS as attempting to 'hurt' America and 'degenerate' the dollar, though he described it as not a serious threat, claiming it had 'largely broken up.' The President emphasized maintaining dollar dominance was crucial, comparing losing reserve currency status to losing a major war. This announcement followed the recent BRICS Summit in Brazil attended by leaders from Brazil, Russia, India, China, South Africa, Saudi Arabia, Egypt, UAE, Ethiopia, Indonesia, and Iran.