United States President Donald Trump has accused the BRICS alliance — comprising Brazil, Russia, India, China, and South Africa — of attempting to weaken the US dollar’s global dominance. In sharp remarks made during a cabinet meeting in Washington on Tuesday,

According to the American President, losing the US dollar as the “world standard” would be akin to losing a “major world war”.

A day ahead of the expiry of the 90-day tariff pause, Trump said, the USA could have been much harsher and could have gone much higher with tariffs.