US Feels Threatened by BRICS: Here's Why

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As the BRICS' summit in Rio entered its second and final day, Donald Trump took to Truth Social to issue a an early morning threat against "any country aligning themselves" with the bloc and its "anti-American policies." Sputnik gathered together veteran politics, economics and finance analysts to ask what's got the US president so riled up.

“Clearly the US dollar is under threat from BRICS just by the fact that these countries trade among themselves in national currencies rather than the dollar,” international relations analyst Gilbert Doctorow says, commenting on Trump's threat to slap a 10% additional tariff on BRICS-backing countries.

But “Trump's threats are a 'straw in the wind’,” Doctorow argues, pointing out that “we do not have to look to [his] rhetoric to understand that with each additional country joining the line to be admitted to BRICS it becomes an institution changing the world order and making the G7 and G20 largely irrelevant to global governance.”