Trump Labels BRICS as an ‘Attack’ on the US Dollar
In a fiery statement that has once again stirred global economic debate, US President Donald Trump described the BRICS alliance as an “attack” on the US dollar, asserting that his administration’s firm tariff threats caused several countries to back out of the group’s expansion plans.
The BRICS bloc — comprising Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates — has long sought to establish an alternative global financial structure that challenges Western dominance, especially the reliance on the dollar.
During a bilateral meeting with Argentine President Javier Milei, Trump emphasized his resolve to protect the dollar’s supremacy, stating that “anybody who wants to deal in dollars will have an advantage over those who don’t.”
He further claimed, “I told anybody who wants to be in BRICS, that’s fine, but we’re going to put tariffs on your nation. Everybody dropped out. They’re all dropping out of BRICS. BRICS was an attack on the dollar.”
Trump’s remarks reflect his continued hardline stance against what he perceives as economic threats to American influence. He accused the BRICS nations of promoting “anti-American” trade policies and warned that if former leaders like Joe Biden or Kamala Harris had won the presidency, the US dollar would have lost its global dominance.
Last month, BRICS members expressed concerns over the growing use of unilateral trade restrictions and coercive tariff measures, warning that such actions could hurt developing economies and deepen global inequality. Earlier this year, Trump imposed a 50% tariff on Indian exports, marking a renewed escalation in his protectionist trade agenda.
As the world watches the evolving tug-of-war between global economic blocs, Trump’s comments highlight a larger struggle over currency dominance, trade fairness, and the geopolitical realignment of power.
At its core, this story is not just about economics—it’s about leadership, fear, and influence. The world’s currencies may rise and fall, but what truly shapes history is the will of those who dare to defend their vision.