Speaking at an event at the White House on Friday, where it signed legislation of the encrypted currency, Trump accused BCRICS of trying to undermine the global domination of the US dollar.
“When I heard about this group of Brexes, six countries, mainly, it hit it very hard. If they are really forming in a meaningful way, it will end very quickly,” Trump said without naming countries. “We cannot allow anyone to play games with us.”
He also stated that he is committed to maintaining the global situation of the dollar as a backup currency and pledged not to allow the establishment of a central bank’s digital currency in the United States.
Trump announced the new tariff on July 6 and said it would apply to any country that corresponds to what he called “the United States hostile policies” of the BRICS Group.
“The Brexes wanted to try to seize the dollar, dominate the dollar and the dollar standards,” he said.
With forums such as G7 and G20 groups of major economies preserved by divisions and the Southern “America first” approach to Trump, the Brex Group presents itself as a haven for multilateral diplomacy.
Since the threat was issued, Trump has repeatedly claimed without evidence that the group was created to harm the United States and the role of the dollar as a backup currency in the world.
In February, Brazil rejected any plans to pay for a common currency during its presidency this year, but the group is advancing a boundary payment program known as Brice Pay, which will facilitate financial transactions and trade in local currencies.
Last year, the Brex Group expanded beyond Brazil, Russia, India, China and South Africa to include members such as Indonesia and Iran. Leaders at the Group Summit in Brazil criticized the US military and trade policies.
Quoted from “unfair” commercial practices in Brazil, Trump photographed the South America for additional sanctions, including a 50 percent tariff on imports, which begins in August.
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