US Dollar in Focus: Donald Trump Calls on BRICS for Policy Shift

Donald Trump does not shy away from making impressive appearances on the international stage, and his recent appeal to the BRICS countries once again demonstrates his unconventional approach. In a passionate speech, he recently demanded that the BRICS countries make a clear commitment not to create a new BRICS currency or support another currency that could replace the US dollar. He robustly backed this demand with threats of potential increases in trade tariffs. Some of the countries addressed, including the recently expanded BRICS group, responded swiftly to smooth things over. South Africa hurried to clarify in an official statement that no joint currency was planned. The Indian foreign minister also assured that the BRICS countries had no interest in weakening the US dollar. These developments show that even seemingly firmly entrenched power relations in the global economy are constantly being questioned, prompting observers to rethink their previous assessments—with a touch of entertainment value that we always expect in the world of financial markets.