In his statement on his own social media platform Truth Social, Trump stated that the idea of ”standing aside and watching BRICS countries try to move away from the dollar” is over.
“ANY COUNTRY THAT TRIES THIS SHOULD SAY GOODBYE TO AMERICA”
Threatening tariffs on BRICS countries, Trump said, “We want these countries to make a commitment that they will not create a new BRICS currency or support another currency that will replace the strong US dollar. Otherwise, they will face 100 percent tariffs and say goodbye to selling to the great US economy.” “They can go find another ‘sucker’ for themselves. It is not possible for BRICS to replace the US dollar in international trade, and any country that tries should say goodbye to America.” he said.
BRICS HAVE AN IMPORTANT PLACE IN THE WORLD ECONOMY
The abbreviation “BRIC”, which did not initially include South Africa, entered the literature in 2001, when British economist Jim O’Neill used it in an article highlighting the growth potential of Brazil, Russia, India and China.
The establishment of the Union dates back to 2009 as an unofficial platform that would balance Russia’s initiatives with the global dominance of the USA and Western countries. With the invitation of South Africa a year later, the union took its current name of BRICS.
BRICS, whose founders include Brazil, Russia, India, China and South Africa; It expanded with the membership of Egypt, Ethiopia, Iran and the United Arab Emirates.
BRICS, whose total number of members increased to 9 with the participation of new countries this year, also has an important place in the world economy.