Former U.S. President Donald Trump has issued a fiery warning about the future of the dollar. In a recent statement, he declared that losing the dollar’s global reserve status would be like losing a world war. He also took aim at the BRICS alliance, accusing them of trying to undermine American economic supremacy.
According to Trump, any threat to the dollar is a direct threat to national power. He emphasized that the U.S. government must do everything in its capacity to defend its currency’s global dominance.
Dollar’s Role Under Attack, Says Trump
Trump didn’t mince words as he accused the BRICS nations of plotting against the dollar. He claimed the group intended to dethrone the dollar and replace it with an alternative reserve currency. “They tried to organize, but when I announced a 10% tariff, hardly anyone showed up at their meeting the next day,” he added.
The BRICS alliance — comprising Brazil, Russia, India, China, South Africa, and now expanded — has been exploring alternatives to the dollar. Their goal is to reduce dependency on the U.S. financial system.
The Genius Act and Dollar Reinforcement
Trump credited “The Genius Act” for strengthening the dollar and reinforcing its position in the world economy. He described the act as a major move to highlight and preserve the dollar’s importance.
He further said that America’s economic policies under his leadership were geared toward maintaining control over the global financial system. Losing that control, he argued, would lead to disastrous consequences.
Tariffs as a Strategic Defense Tool
As part of his economic defense strategy, Trump announced an additional 10% tariff on BRICS nations. These tariffs will go into effect starting August 1. He has made it clear that this decision is final and no changes will be made to the date or rate.
Trump believes such tariffs are essential to protect the dollar. He suggested that economic aggression must be met with firm resistance, using every tool available, including trade penalties.
“Dollar Is Power,” Asserts Trump
Throughout his statements, Trump repeatedly emphasized the dollar’s symbolic and strategic importance. “If we lose the dollar as the world’s reserve currency, we lose everything,” he said. To Trump, the dollar is not just a currency; it’s a global power instrument.
He referred to BRICS as a “small, fading group” that is rapidly losing influence. According to him, their attempt to challenge U.S. dominance is failing under pressure.
Domestic Impact of Dollar-Centric Policies
However, Trump’s aggressive economic policies have had domestic consequences. His tariff decisions have led to rising prices across the United States. Inflation is creeping upward, and essential goods have become more expensive for ordinary citizens.
At the same time, his administration is pushing the controversial “Big Beautiful Bill.” This legislation includes deep cuts to social welfare, including Medicaid. The result? An estimated 11 million Americans could lose access to healthcare coverage.
Polls Show Declining Popularity Amid Dollar Defense
Despite Trump’s fierce rhetoric in defending the dollar, his popularity is slipping. Recent polls show public dissatisfaction with his immigration and economic policies. Americans are increasingly unhappy with rising costs and reduced government services.
Early in the year, Trump’s approval rating on immigration was higher. But that rating has declined, particularly due to backlash against his handling of healthcare and public spending cuts.
BRICS Challenge: Real Threat or Paper Tiger?
While Trump calls BRICS a “dying alliance,” analysts believe the group still holds potential. China and India are two of the world’s largest economies, and Russia remains a major energy player. If united, BRICS could pose a significant challenge to the dollar’s global supremacy.
But unity is key, and as Trump pointed out, geopolitical and economic differences among BRICS members often prevent them from acting as a single force.
Conclusion: Trump’s Dollar Doctrine
Trump’s central message is clear: defend the dollar at all costs. His belief is that America’s strength is directly tied to the dollar’s international status. Losing that would be akin to losing a world war — catastrophic and unacceptable.
He remains committed to using tariffs, legislation, and international pressure to uphold the dollar’s dominance. Whether that approach works or backfires, only time — and the markets — will tell.