'Little Group Fading Fast': Trump Mocks BRICS In Latest Remark, Repeats 10% Tariff Threat

Last Updated:July 19, 2025, 07:09 IST

Donald Trump took credit for undermining the BRICS group's attempts to challenge the global dominance of the US dollar, vowing that he would never let that happen.

US President Donald Trump (AP/File)

US President Donald Trump on Friday mocked the BRICS bloc as a “little group" that is “fading out fast" and reiterated his warning of a 10 per cent tariff on countries aligning with it, accusing them of supporting “anti-American policies."

Trump further took credit for undermining the bloc’s attempts to challenge the global dominance of the US dollar, vowing that he would never let that happen.

“There is a little group called BRICS, and it is fading out fast. However, BRICS attempted to challenge the dominance of the Dollar and its standard. I said that anybody in the BRICS consortium of nations, we are going to tariff you 10 per cent, and they had a meeting the following day, and almost nobody showed up," said Trump while speaking at the signing of the GENIUS Act into law.

Donald Trump, taking firm stance toward global economic competitors, said, “When I heard about this group of six countries in Brics, I hit them very hard, and if they ever really form in a meaningful way, it will end very quickly."

Though he didn’t name the nations, Trump added, “We can never let anyone play games with the US." He also stressed the importance of maintaining the US Dollar’s global reserve status.

“We are not going to let the Dollar slide… If we lost the status of the Dollar as the world’s reserve currency, it would be like losing a World War."

The BRICS group, originally formed in 2009, is a coalition of emerging economies comprising Brazil, Russia, India, China, and South Africa (which joined in 2010).

In 2024-25, the bloc expanded to include Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the United Arab Emirates, bringing the total number of member countries to 11.

BRICS was established with the goal of promoting peace, development, and a more balanced global order by strengthening economic cooperation among developing nations.

Over the years, it has positioned itself as a counterweight to Western-led institutions like the G7 and the IMF, advocating for a multipolar world and reforms in global governance systems.

The bloc also promotes the use of local currencies in trade, challenging the dominance of the US dollar in global transactions.

United States of America (USA)

News world 'Little Group Fading Fast': Trump Mocks BRICS In Latest Remark, Repeats 10% Tariff Threat