JAKARTA - President Donald Trump said he believes the BRICS cooperation group is trying to fight the United States and wants to undermine the status of the US dollar as a world reserve currency.
"They have BRICS, which is basically a group of anti-United States countries, and India is a member, if you can trust it," he told reporters at the White House when discussing the rates he wanted to impose on India.
Speaking of BRICS, President Trump also said, "This is an attack on the dollar, and we will not let anyone attack the dollar."
President Trump said the US imposed tariffs on India in part because of its membership in BRICS and partly because of trade. Yesterday, President Trump announced a tariff of 25 percent against India.
According to President Trump, the US has a huge trade deficit with the Asian country.
Earlier, President Trump on July 8 threatened to impose an additional tariff on BRICS members of 10 percent.
He said the members of the economic cooperation group wanted to hurt the US dollar and stop it from becoming standard. President Trump later also warned that Washington would not let the US dollar lose its status as a world reserve currency.
Separately, in a joint statement after the Rio de Janeiro summit earlier this month, the BRICS countries opposed unilateral trade and financial measures, including rising tariffs and non-tariff barriers, leading to trade imbalances and contrary to WTO rules.
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Russian Foreign Minister Sergey Lavrov said on July 15, BRICS countries were looking for dollar-based settlement alternatives to protect themselves from misuse of dollar status by the US, and this process could no longer be stopped.
According to the minister, Russia will continue to insist they are taken into account and will work honestly and openly, as a force that respects itself, is strong and independent.
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