Donald Trump threatens BRICS: America’s newly elected President Donald Trump was sworn in as the 47th President on Monday (January 20). Donald Trump is in action mode after taking oath. He first reached the Oval Office and signed several executive orders. After this, many decisions of the Biden administration were reversed and many new decisions were approved. But now the news is that Trump has challenged BRICS.
What did US President Donald Trump say?
US President Donald Trump challenged the BRICS group of countries and said, ‘If BRICS brings anti-American policies, they will have to face consequences and you will not be happy. These countries have tried to do many things against the interests of America.
India is also included in BRICS
India is also included in BRICS. Last month in December, Donald Trump had threatened the BRICS countries that if they tried to weaken the US dollar, he would impose 100 percent tariff on the BRICS countries. These pose a threat to the countries included in the BRICS alliance, which include Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.
On the other hand, Türkiye, Azerbaijan and Malaysia have applied to become members of BRICS. Apart from this, many other countries have also expressed their desire to participate in it. However, the US dollar is still the most used currency in global trade and has managed to maintain its dominance despite challenges in the past.
BRICS members and other developing countries say they are fed up with US dominance of the global financial system. BRICS countries want to better pursue their economic interests by reducing global dependence on the US dollar and euro.
