US President Donald Trump has called the BRICS grouping an “attack” on the US dollar, claiming that he threatened nations seeking to join the bloc with tariffs after which “everybody dropped out”. BRICS comprises Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the UAE. 

The BRICS nations have voiced serious concerns about the rise of tariff and non-tariff measures. Trump said he was “very strong” on the dollar, adding that “anybody who wants to deal in dollars” will have an “advantage” over those who do not. “You wouldn’t have a world domination by the dollar if I didn’t win this election,” he said.