Summary
Trump has threatened BRICS nations with 100% tariffs if they attempt to replace the US dollar as the global reserve currency, calling them “seemingly hostile countries.”
BRICS, which includes major economies like China, India, and Russia, has been discussing an alternative reserve currency, especially after Western sanctions on Russia.
The power of the US dollar in the world has strengthened recently. It remains the world’s primary reserve currency and there is a huge worldwide reliance on it.
It’s less “we will never get rich”, which is objectively incorrect given China is part of BRICS and was rich long before brics was created, and more, “why the fuck is less than 8% of the world entitled to the wealth of over 60%?”