US President Donald Trump claimed BRICS a ‘small group’, claiming that it wanted to break the ‘dollar dominance’. He also warned that if the members of the BRICS do this, they will impose a 10 percent fee on them.
Trump has threatened to impose a 10 percent fee to Brazil, Russia, India, China and South Africa for the second time in ten days.
“You have a small group called BRICS,” Trump told reporters at the White House on Friday. Its brightness is becoming increasingly fading, but BRICS is trying to break the status of standard currency, standard currency status. ”
The US President said during an event organized to sign the ‘Genius Act’, “I said that we will impose a 10 percent fee on any country in the group of BRICS countries.”
The ‘Genius Act’ is the first Cryptocurrency Bill, which has been approved by the American legislature. This establishes regulatory structure for stable cryptocurrency.
A few weeks after Trump’s initial announcement on countries around the world, BRICS group countries indirectly attacked the US during the two -day summit at Rio de Janeiro earlier this month and expressed serious concern over an increase in import duty in a one -sided manner.
The BRIC manifesto released on July 6 stated that the fee increase is not in line with the rules of the World Trade Organization and this will threaten global trade.
On July 8, Trump claimed that the BRICS has been established to “damage” to the US and “weak” the dollar. He warned that member countries of this group would face 10 percent fee.
Trump on Friday reiterated his concern over the dollar, claiming, “The next day the BRICS countries met and almost no one came … they did not want a fee.” This is amazing. “He said,” No, we will not let the dollar weaken. ” If we have a wise President, you will never let the dollar be weak. ”
Trump “stressed the dollar position as the world’s reserved currency” for the coming generations “said that reserved currency is very important. If we lose it, this world war will be like losing ”.
The US President said, “We cannot allow anyone to play with us, so when I heard about this group of six countries of BRICS, I attacked him very strongly.” Even if they ever become, even if they have been made in a really meaningful way, then it will end very quickly… I do not think they will do so. They are afraid of me in a way. ”
