The US president has warned of economic retaliation as the group moves to bypass the dollar in trade
US President Donald Trump has said he is considering tariffs on BRICS nations, accusing the group of adopting anti-US policies. Earlier, Trump warned that any attempt by the group to challenge the US dollar would be met with harsh economic measures. BRICS members targeted by his latest sanctions, such as India and Brazil, said they would protect their domestic interests.
Speaking at the White House on Wednesday, he claimed the group is working to weaken the dollar and strip it of its role as the world’s reserve currency.
“They have BRICS, which…
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