The newly elected President of the United States of America, Donald Trump, issued a statement warning the Brics Nations against their plans of replacing the Dollar as the international currency. The Brics nations have been actively trying to determine a common currency for international trade apart from the Dollar, which had the US enraged. This article brings you all the latest developments and updates about Trump threatening the Brics nations and what will be the consequences that will be faced by them if they continue with their plans of de-dollarization.
Trump Threatens Brics Nations: Background
Brics is an intergovernmental organization that was established in the year 2009 with the primary objective of highlighting new investment opportunities. The members of the organization are Russia, China, India, Brazil, South Africa, Ethiopia, Egypt, Iran, and the United Arab Emirates. It can be considered the only major international organization that does not have the United States of America as its member. Some of the members of the organization are actively seeking an alternative to the Dollar or creating their own Brics currency. According to the President of Russia, Vladimir Putin, the US has been “weaponizing” the Dollar and “not letting them work,” because of which they are forced to seek an alternative.
Trump Threatens Brics Nations: Statement by US President
The President of the US, Donald Trump, in his latest statement has threatened the Brics nations against their plans of De-dollarization and said that the US will not stand and watch the Brics countries trying to move away from the Dollar. The President demanded a commitment from the members of the organization that would not create an alternative Brics currency or back the currency of any nation in order to replace the “mighty Dollar”. He also said that there is no chance that the BRICS can replace the Dollar. They can go and find another “sucker!”
Trump Threatens Brics Nations: The Consequences
If the nations who are members of the organization fail to comply with the demands of the United States of America, the US will impose 100% tariffs on all the nations, and they can say “goodbye” to selling into the “wonderful economy” of the United States. Any country that tries to replace the mighty Dollar will have to face the consequences and wave goodbye to America and its support. The netizens of America consider this warning from the President a step in the right direction of saving the economy of the country.
Conclusion
Among the nine nations who have been a part of the Brics, only India has made an official statement as the External Affairs minister of the country, S Jaishankar, mentioning that targeting the Dollar has never been a part of economic, political, or strategic policy. Apart from India, no other country has officially made any statement on this matter. It would be interesting to see where the countries will be standing after the United States already made it clear that they will not be tolerating any attempts to replace the Dollar as the international currency.
