Why is Trump concerned about BRICS and how does it potentially threaten US dollar dominance?
Trump has declared BRICS 'dead' while threatening 100% tariffs on its members due to concerns over de-dollarization efforts. His reaction stems from BRICS' growing economic influence, now representing over 31.5% of global GDP (surpassing G7's 30%), and its potential to reduce dependency on the US Dollar for international trade and reserves. The expanded BRICS alliance—now including Egypt, Iran, UAE, and Ethiopia, with Saudi Arabia considering membership—represents a significant shift in global economic power dynamics. This coalition could potentially diminish the dollar's historical dominance in global finance, which explains Trump's strong opposition to the group.
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Trump Declares BRICS Dead: A Shift in Global Economic Dynamics
WION·7 months ago
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