Trump is intensifying pressure on the BRICS bloc, warning that their attempts to diminish the US dollar's global standing endanger America's economic preeminence. Concurrently, he announced a new 10% tariff on any nation that supports BRICS' 'anti-American policies,' while existing tariffs are reviewed. The BRICS group, now expanded to include ten members, constitutes a major economic force, accounting for a significant share of global GDP and population. Their initiative to trade in local currencies reflects a shift towards reducing dollar dependence, particularly driven by countries like China and Russia amidst current geopolitical tensions.
Trump warned that the BRICS bloc threatens the dominance of the US dollar, pledging to impose a 10% tariff on any nation supporting their 'anti-American policies.'
The BRICS is an emerging platform promoting economic cooperation among member nations, which now include ten members and a significant portion of the global population.
Collection
[
|
...
]