President Trump stated that BRICS will cease to exist very soon and reaffirmed his threat to impose a 100% tariff on the bloc’s countries if they move forward with the idea of a common currency for foreign trade.

Interestingly, Trump also said he did not know that China was part of BRICS. A few weeks ago, he similarly displayed a lack of knowledge about the group, mistakenly claiming that Spain was a BRICS member. https://video.nostr.build/3886284769eee3e6e5e3670bd3e15cd7fd8b3e84315c0f5b921a9e5b578922a3.mp4

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Not really news. The Biden government was already putting pressure on the international organizations that were supporting this Brics currency. the difference is that trump does things openly.

He DIDN'T know that China was part of it🧐. It's called BRICS not BRIS.

An authoritarian regime would not want a more transparent currency, or even less, a currency where they are not the sole controllers.

China buying gold is merely a power play so their citizens hold less.

I'm not denying any of that. Just the general ignorance of Orange boy.

What is the common currency for trade?

He said he doesn't know if China is [currently] part of brics, not that China had nothing to do with it