Trump Claims Tariffs ‘Scared Off’ BRICS Nations, Summit Continued Undeterred; Signs GENIUS Act To Boost Dollar | World News
US President Donald Trump claimed that a 10 percent threat to BRICS members scared them and claimed that almost no one came to a meeting the next day. However, the BRICS summit continued.
The Trump threat released on the night of July 6, but the next day, the leaders of 11 BRICS came together with full participation for the second day of their summits.
On Friday, which was called the BRCICs “This Little Group ,, on Friday, they said that they want to take over the dollar, the dominance of the dollar and the standard of the dollar”.
“And I said, everyone in the BRICS Nations Consortium will describe you 10 percent,” he said. “And the next day they had a meeting and almost no one came. Seriously”.
“Leave me alone. [be tariffed]”.” They didn’t want to be described. There is incredible there ..
Although Trump has repeatedly talked about a BRICS currency, he was shot by India, the founding member and second largest economy of the idea group.
Foreign Minister Jaishankar explained that there is no policy that would change the dollar to a substitute currency because “the source of international economic stability”.
Trump said, “If they really dry [a BRICS currency] Meaningful, it will end very quickly, ”he added. They won’t go too long. I don’t even think they will. They are almost afraid [even] to meet”.
Trump said on July 6, 10% more tariffs of any country that aligns themselves with BRICS’s anti -American policies. ”
However, BRICS leaders continued the summit for the second day in Rio de Janeiro.
Trump, which was given to exaggerate and talk in hyperboards, made claims in the signing of the Genius Law in the White House.
The law, which is adopted by the Congress with the support of legislators from both sides, manages the digital currency and sets standards and consumer measures for a digital currency category called stablecoins.
The abbreviation of the law represents “guidance and establishing national innovation for Stablecoins ve and will require financial institutions that give stablecoin crypto currency to support them with solid assets such as dollars.
The White House Crypto Tsar David Sacks said, “For every digital dollar in a crypto wallet, there will be a traditional dollar in a US bank account, which will create trillion dollars for US treasures. [bonds]”.
“Consumers, sellers and people around the world will be able to use these stable money for ultra -low cost and secure the status of the dollar as the world reserve currency for future generations,” Trump said.
He said it was important for the US to have the dollar as a global reserve currency.
“If we lose it, it would be like losing a world war. We can never allow anyone to play with us,” he said.
“So, when I heard this group from BRICS, six countries hit them very, very hard on them.” He said.
Trump said that a tariff agreement was ready to be announced, but with which country he did not say.
