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Trump threatens BRICS with tariffs over ‘anti-US’ agenda and dollar challenge

54 0
02.08.2025

US President Donald Trump has launched a fresh economic offensive against the BRICS coalition, announcing sweeping tariffs on India and Brazil while accusing the group of fostering an “anti-United States” agenda aimed at undermining the US dollar’s global dominance. Speaking from the White House on July 30, Trump portrayed the increasingly influential bloc as a direct threat to American economic interests, warning that his administration will retaliate against any attempts to displace the dollar as the world’s reserve currency.

“They have BRICS, which is basically a group of countries which are anti the United States,” Trump said. “India is a member of that, if you can believe it. It’s an attack on the dollar, and we’re not going to let anybody attack the dollar.”

The president’s comments mark a sharp escalation in US rhetoric against BRICS-an alliance originally formed in 2006 by Brazil, Russia, India, and China, with South Africa joining in 2010. In recent years, the group has expanded its membership and ambitions, admitting countries such as Iran, Egypt, Indonesia, and the UAE, and explicitly pursuing mechanisms to reduce reliance on the dollar in cross-border trade.

Trump’s economic retaliation has so far focused on India and Brazil, two major BRICS economies. Effective on August 1, Indian exports to the US will be hit with a 25% tariff. Trump cited India’s ongoing trade with Russia and its participation in the BRICS coalition as key reasons behind the move.

“We have a tremendous trade deficit with........

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