BRICS was set up to 'hurt us,' 'degenerate' US dollar, claims Trump

President Donald Trump on Tuesday (July 8, 2025) claimed that the 10-member BRICS was established to “hurt” the United States and “degenerate” the dollar. He warned that the member countries of the bloc will face a 10% tariff.

- BY S VENKAT NARAYAN OUR SPECIAL CORRESPONDENT

He made the remarks while talking to reporters at the sixth Cabinet meeting at the White House in Washington.

“They have to pay 10% if they are in BRICS,” he said.

Trump said BRICS was set up to “hurt us” and “degenerate our dollar” and take the dollar off as the standard.

“And that’s okay if they want to play that game, but I can play that game, too. So, anybody that’s in BRICS is getting a 10% charge,” he said. This will be happening “pretty soon,” he added.

“Well, if they’re a member of BRICS, they’re gonna have to pay a 10% tariff. Just for that one thing,” Trump said.

Trump claimed that BRICS “largely broke up” but “there are a couple that hang around.”