Brics would end quickly if they 'ever form in meaningful way': Trump
'When I heard about this group from Brics — six countries, basically — I hit them very, very hard. And if they ever really form in a meaningful way, it will end very quickly,' Trump said without naming the countries. 'We can never let anyone play games with us.'
Trump also said he was committed to preserving the dollar's global status as a reserve currency and pledged to never allow the creation of a central bank digital currency in America.
Trump announced the new tariff on July 6, saying it would apply to any countries aligning themselves with what he called the 'Anti-American policies' of the Brics group.
With forums such as the G7 and G20 groups of major economies hamstrung by divisions and the disruptive 'America First' approach of the US president, the Brics group is presenting itself as a haven for multilateral diplomacy.
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IOL News
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Major development: Bill to review South Africa relations and impose sanctions on leaders passed by US House Committee
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3 hours ago
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'Visa is proud to support South Africa's national vision for digital inclusion and economic resilience,' said Moodley. Solly Malatsi, Minister of Communications and Digital Technologies of South Africa, said, "This investment demonstrates the growing global confidence in South Africa as an investment destination. It further reinforces South Africa's position as the digital gateway into Africa. This vote of confidence is welcomed at a time where we aim to transform our country's economy through digital technology." He said the development of local data centers directly supports South Africa's national priorities. It aligns with the National Development Plan and the strategic plan of the Department of Communications by establishing local capacity for advanced digital services. 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