Former U.S. President Donald Trump threatened to impose tariffs on members of the BRICS group of nations on Friday, warning the alliance would quickly collapse if it ever becomes a significant economic force.
"When I heard about this group from BRICS, six countries, basically, I hit them very, very hard. And if they ever really form in a meaningful way, it will end very quickly," Trump said without specifying which nations he was referring to.
The BRICS group currently includes Brazil, Russia, India, China, South Africa, and has recently expanded to include other nations.
In addition to his comments on BRICS, Trump emphasized his commitment to maintaining the U.S. dollar's position as the world's reserve currency. He also pledged to prevent the creation of a central bank digital currency (CBDC) in the United States if elected.
Source: Investing.com
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