U.S. President Donald Trump promised to introduce a 100% customs to Brics countries if they decide to create their own currency to replace the US dollar.
“The idea that Brics countries are trying to move away from dollars, while we stand by side and watch, is over. We will require the obligation of these seemingly hostile countries that they will not create a new Brics currency, nor support any other currency that would replace the powerful US dollar or will face 100 percent of customs and should say goodbye to the great American economy. May they find another naish. “
Trump added that “there is no chance that Brics will replace the US dollar in international trade, or anywhere else.”
“And every country that tries to say that would be greeted by tariffs and goodbye America!”, Concluded the US president.
The BRICK group, established in 2009, brings together the largest developing countries on the area and the population. Originally composed of Brazil, Russia, India and China, later spread to South Africa, Iran, Egypt, Ethiopia, United Arab Emirates and Indonesia.
Russia, which is currently under US and EU sanctions, is actively advocating for the creation of a new currency for mutual calculations within the Brics group. The goal is to reduce your reliance on the US dollar and bypass the restrictions imposed by the International Financial System, the banker is reported.
Despite the pressure of Russia, there is no consensus among Brics members about the issue. China, although it supports strengthening the role of alternative currencies, remains cautious regarding the idea of the common currency. Meanwhile, India gives priority to their domestic economic interests and hesitate to endanger their trade relations with the United States.
