Why is Donald Trump concerned about BRICS and declaring it 'dead'?
Trump is concerned about BRICS primarily because of de-dollarization efforts - attempts by member countries to reduce dependency on the US Dollar for international trade and reserves. This perceived threat to dollar dominance prompted Trump to declare BRICS 'dead' and threaten 100% tariffs on its members. BRICS has expanded beyond its original five nations to include countries like Egypt, Iran, and the UAE, now representing over 31.5% of global GDP, surpassing the G7's 30%. This economic influence threatens US financial hegemony, though many BRICS members maintain strong ties with Western nations while seeking to reform the global financial system.
Clipped by cat.life with FinalLayerPeople also ask
Discussion on Superintelligence and Bots as Fans
Essential LinkedIn Strategies for First-Year Students to Enhance Job Prospects
Career Coaching Insights and Networking Tips for College Students
Essential Networking and Job Application Strategies for College Students on LinkedIn
Career Guidance Expert Discusses Using LinkedIn for College Students' Networking
From
Trump's Concerns about BRICS and De Dollarization
WION·7 months ago
Answered in this video
What has been China's reaction to the recent changes in U.S. Taiwan relations?
What makes Delhi particularly vulnerable to earthquakes and how can the city prepare for a major earthquake in the future?
Discover the right B-roll for your videos