Donald Trump's remarks follow a BRICS meeting last month that discussed boosting non-dollar transactions and strengthening local currencies.
threatened to levy 100% tariffs on BRICS — a China - and Russia -led group of nations with emerging economies — if the countries decide to issue their own currency.
BRICS was founded by the five original countries in 2011. Iran, the United Arab Emirates, Ethiopia and Egypt have since joined, with Saudi Arabia accepting an invitation but yet to officially become a member. More than two other countries have expressed interest in joining the economic alliance, too.Trump’s FCC chair designee vows to tackle Big Tech ‘censorship cartel’
Still, the likelihood of the BRICS nations coming together to form their own currency remains slim, given each nation’s vast economic and political differences.
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