President-elect Donald Trump's threat to impose 100% tariffs on BRICS nations if they create an alternative to the U.S. dollar has drawn mixed reactions from leading economists, highlighting tensions over global trade and currency dominance.

Neither the United States nor China would win a trade war, the Chinese Embassy in Washington said on Monday, after U.S. President-elect Donald Trump threatened to slap an additional 10% tariff on all Chinese imports when he takes office on Jan.

The dollar was rising after U.S. President-elect Donald Trump threatened to impose 100% tariffs against so-called BRICS countries if they create a new currency to rival the dollar. This alliance includes Brazil,

The U.S. is the largest importer of goods in the world, with Mexico, China and Canada its top three suppliers, according to the most recent census data.

President-elect Trump warned nations to forego efforts to adopt a new currency on Saturday by threatening to impose a 100 percent tariff on countries that try to undervalue the U.S. dollar. “We require a commitment from these Countries that they will neither create a new BRICS Currency,

The promise of new tariffs on America’s neighbors from President-elect Donald Trump has world leaders and businesses trying to predict the potential fallout.