Trump Calls BRICS an Attack on Dollar
U.S. President Donald Trump has alleged that the BRICS grouping was created to undermine the U.S. dollar, calling it “an attack on the dollar.” He said his administration responded by warning of tariffs on BRICS members if they attempted to reduce reliance on the U.S. currency.
Claims of Members Dropping Out
Trump also claimed that after his tariff threats, some countries began “dropping out” of BRICS initiatives and that the bloc no longer openly discusses replacing the dollar in global trade.
Context and Implications
The comments come as Washington intensifies trade actions amid disputes over tariffs and currency influence. BRICS includes India, Brazil, Russia, China, and South Africa, with new members recently added. Trump’s warning raises questions over potential tariff actions against these economies.
India has maintained that its role in BRICS is not directed against the U.S. dollar. Analysts note that while the bloc has pushed for reducing dependency on the dollar, establishing a viable alternative requires long-term coordination and financial infrastructure.
