United States President Donald Trump reiterated his threat of imposing a 10% rate on imports from BRICS members and said the group would end very quickly if it was once formed significantly.
“When I heard about this BRICS group, six countries basically, I attacked them with a lot, a lot of strength. And if they really really graduate, it will end very quickly,” Trump said, not to mention the names of the countries. “We can never let anyone play with us.”
Trump also claimed to be committed to preserving the global status of the dollar as a reserve currency and promised to never allow the creation of a central bank digital currency in the United States.
The president announced the new fare on July 6, saying that she would apply to any country to align with what he called the BRICS group’s anti -American policies.
With forums such as G7 and G20, groups of major economies, harmed by divisions and the disturbing approach of the US president, who prioritizes US interests, the BRICS group is presenting itself as a refuge for multilateral diplomacy.
Since issuing the threat, Trump has repeatedly claimed, without evidence, that the group was created to harm the United States and the role of the dollar as a world reserve currency.
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BRICS leaders have rejected the claim that the group is anti -American.
Brazil has ruled out in February the plans to press for a common currency during its presidency this year, but the group is advancing in the development of an international payment system known as Brics Pay, which would facilitate trade and financial transactions in local currencies.
BRICS expanded last year beyond Brazil, Russia, India, China and South Africa, including members such as Iran and Indonesia. The group’s summit leaders in Brazil made indirect criticism of US military and commercial policies.
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Trump also specifically aimed Brazil, announcing a 50% rate about its exports to the US from August, and launched a separate investigation into what Washington called the country’s “unfair” commercial practices.
