"Threatening retaliation against the likely creation of a BRICS currency only reinforces the rest of the world's concerns about the U.S. willingness to wield dollar dominance as an economic and geopolitical weapon," said Eswar Prasad, the former head of the International Monetary Fund's China division.
"By making such threats, Mr. Trump could end up accelerating that trend. Although it appears unlikely that the BRICS would be able to create their own currency, the aggressive use of tariffs and sanctions by the United States is the reason that other nations have increasingly been considering alternatives to the dollar."
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