Read Time:55 Second
US President Donald Trump has issued a strong warning to the BRICS nations during a recent event in Washington, criticizing them as a “little group” trying to undermine the dominance of the US dollar. His remarks come amid rising global concerns about currency dynamics and escalating trade tensions.
Trump underscored the critical need to maintain the US dollar as the world’s primary reserve currency for future generations. To support this goal, he advocated for the GENIUS Act, a legislative initiative aimed at regulating stablecoins, which represent a fast-growing segment of digital currencies.
In addition to diplomatic language, Trump took a more confrontational stance by threatening a 10 percent tariff on goods from BRICS countries. This move clearly signals US opposition to any efforts by these nations to reduce the dollar’s influence in international trade.
About BRICS
- Brazil
- Russia
- India
- China
- South Africa
The BRICS countries have been actively exploring alternatives to the US dollar for conducting international trade, which has triggered increased competition between established financial powers and emerging economies.
Stay tuned to Questiqa USA for more updates on this developing story.
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
0
0
Average Rating