00:00American President Donald Trump has once again given a big statement on BRICS.
00:06He has said that after the threat of imposing a 150% tariff on BRICS, this group of five countries has been shattered.
00:14Trump has said that there will be no benefit from the attempts of BRICS to challenge the US dollar.
00:19Trump said that BRICS countries are trying to destroy our dollar.
00:24They want to start a new currency.
00:26So when I came to power, the first thing I said was that any country of BRICS that talks about a new currency,
00:34a 150% tariff will be imposed on it.
00:37We do not want your product.
00:39And after that, BRICS will be broken.
00:41He said that I do not know what is happening in BRICS now.
00:44We have not heard anything about them for some time.
00:47Let me tell you that BRICS includes Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.
00:56With this, Turkey, Azerbaijan and Malaysia have invited to become a member of BRICS.
01:02In addition to this, many other countries have also expressed their desire to join it.
01:07Donald Trump recently hit BRICS hard.
01:10Trump said that America wants BRICS countries to understand that they cannot replace the US dollar.
01:17If this happens, a 100% tariff will be imposed on BRICS countries.
01:21Trump posted on social media platform Truth Social that BRICS countries are trying to challenge the US dollar.
01:30And we are just a show.
01:32But this will not work now.
01:34We want hostile countries to neither make new BRICS currency nor support any other currency to challenge the US dollar.
01:44If this is not done, a 100% tariff will be imposed on BRICS countries.
01:49Let me tell you that some time ago, news was coming out that BRICS countries can start their currency.
01:55But now Trump has openly threatened BRICS countries with this.
01:59There are many reasons for the desire for new currency.
02:01Recently, due to the aggressive foreign policy of Global Financial Challenges and America, BRICS countries needed a new currency.
02:09BRICS countries want to reduce global dependency on the US dollar and euro and start a new shared currency for economic benefit.
02:17First, in 2022, during the 14th BRICS summit, this new currency was discussed for the first time.
02:24At that time, Russia's President Putin said that BRICS countries are planning to start a new global reserve currency.
02:31After this, in April 2023, the Brazilian President supported the proposal of BRICS currency and said that
02:37Why can't BRICS countries have a new currency to trade with organizations like BRICS Bank in Brazil and China or Brazil or other BRICS countries?
02:46For decades, the US dollar has been a one-sided currency in the world.
02:50According to the US Federal Reserve, between 1999 and 2019, 96% of international business in the US dollar,
02:5874% of business in the Asia-Pacific region in the US dollar, and 89% of business in the rest of the world in the US dollar.
03:06However, in recent years, the reserve currency share of the dollar has decreased because the popularity of the euro and yen has also increased.
03:12But the dollar is still the most widely used currency at the global level.
03:17But experts believe that if BRICS countries start using new BRICS currency instead of the US dollar for business,
03:23it may affect the US's ability to ban it.
03:27This will certainly reduce the price of the dollar.
03:29It may also have an impact on the domestic level in the US.
03:33India is also included in BRICS.
03:35And last December, Trump also threatened BRICS countries that if BRICS countries try to weaken the US dollar,
03:43they will impose 100% tariffs on them.
03:46His threat is for BRICS countries including Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United States.
03:56In addition, Turkey, Azerbaijan, and Malaysia have also signed an agreement to become a member of BRICS.
04:01In addition, many other countries have also promised to join.
04:04However, the US dollar is still the most widely used currency in global business.
04:10And despite the challenges in the future, it has succeeded in maintaining its excellence.
04:15Members of BRICS and other developing countries say that they are tired of the dominance of the US in the global financial system.
04:22And BRICS countries want to improve their economic interests by reducing global dependency on the US dollar and euro.
04:30Last October, at the BRICS countries' summit, Russian President Vladimir Putin accused the US dollar of being a weapon and called it a big mistake.
04:41At that time, Putin said that we do not want those who refuse to use the dollar.
04:46But if they don't let us work, what can we do?
04:50We have to be forced to find options.
04:53So what is your opinion on this whole report?
04:55Give us your opinion in the comment box and keep watching Good Returns for such updates.
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