Trump Labels BRICS Economic Strategy As Direct ‘Attack’ On U.S. Dollar | Read1hour

 Former U.S. President Donald Trump sharply criticized the BRICS alliance this week, calling its efforts to promote alternative currencies an “attack” on the dominance of the U.S. dollar. His comments came after BRICS leaders announced new steps toward creating a shared payment system aimed at reducing dependence on Western financial networks.

Speaking during a televised interview, Trump warned that the group’s moves could “undermine America’s global influence” and hurt the nation’s economic strength. “What they’re doing is not just economic cooperation — it’s a direct attack on the U.S. dollar,” Trump said. “We built the strongest currency in the world, and now they’re trying to tear it down.”

The BRICS bloc — consisting of Brazil, Russia, India, China, and South Africa — recently expanded to include several emerging economies, including Saudi Arabia and the United Arab Emirates. Together, the alliance represents nearly half of the world’s population and a growing share of global trade. The group has been exploring new methods to settle trade in local currencies instead of relying solely on the U.S. dollar.

Analysts say Trump’s remarks reflect growing concern in Washington over shifting global financial dynamics. For decades, the dollar has served as the world’s primary reserve currency, giving the U.S. significant economic leverage. However, recent moves by BRICS nations to bypass the dollar in international transactions have raised alarms among American policymakers.

Trump, who has long championed “America First” economic policies, accused the Biden administration of being “weak” in responding to the challenge. “When I was in office, we made sure the dollar stayed strong. Now, under this administration, others are taking advantage of us,” he said.

Economists, however, suggest that while BRICS efforts may challenge the dollar’s dominance in the long run, immediate threats remain limited. “The U.S. dollar still accounts for nearly 60% of global reserves,” said financial analyst Rebecca Jones. “What BRICS is doing is symbolic — it signals a desire for independence, but replacing the dollar will take years.”

Still, Trump’s remarks resonated with many of his supporters, who view the dollar’s global position as central to American power. Political observers noted that his statement could be part of a broader strategy to appeal to voters concerned about economic security and international competition.

The BRICS summit, held in Moscow last week, emphasized unity among developing nations and the need to reform international financial systems. Chinese President Xi Jinping and Russian President Vladimir Putin both voiced support for reducing the global dominance of Western-controlled institutions like the IMF and World Bank.

As global economic tensions rise, Trump’s warning adds fuel to an already heated debate over the future of the world’s financial order. While the U.S. dollar remains strong for now, the growing cooperation among BRICS nations suggests that the balance of power in global trade could be slowly shifting.