Donald Trump has jumped straight into action as the defender of dollar power, training some heavy fire on an enemy that barely even exists.
The president-elect’s recent salvo against the BRICs group of emerging economies was a signal he’ll move aggressively to protect the greenback’s status as the world’s premier money. Any nation that abandons it can forget about selling anything to the US and find another “sucker” to trade with, Trump said.
With the BRICS Summit coming to a close, it is unclear what has been accomplished.
As Russia continues to press forward with its doomed war in Ukraine and China watches its economic miracle erode, the leaders of both countries are in desperate need of allies. This is what made the BRICS summit, a meeting of the off-and-on alliance between Brazil, Russia, India, China, and South Africa, an appealing venue for the increasingly isolated regimes to exert influence and find friends on the global stage.
