Future

United

World

Biden

Read

<div class="watcher-guru">
 <p>A handful of countries along with <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> are seething rage against the U.S. for its foreign policy that inadvertently affects their native currencies and economies. The policies that were unfavorable to their countries led them to hatch a plot to dethrone the U.S. dollar. The majority of developing countries had a similar mindset to uproot the U.S. dollar and end its hegemony. So what gave their ideas a set of wings and a hope that the U.S. dollar could be brought down? The answer is <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a>.</p>
 <p><strong>Also Read: Saudi Arabia To Decline <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> Membership?</strong></p>
 <p>Yes, BRICS acted as a thread that linked their de-dollarization ideas to the sewing machine to make a perfectly knitted sweater. The BRICS members China and Russia made use of the opportunity by going on a world tour to developing countries convincing them to ditch the U.S. dollar and trade in local currencies.</p>
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div>
 </div>
 <p>China and Russia are successful in their quest as many countries have agreed to reduce dependency on the U.S. dollar. Read here to know how many sectors in the U.S. will be affected if <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> ditches the dollar for trade.</p>
 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a>: U.S. Dollar Ranks Last in the Top 10 Currency List</strong></p>
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div id="primisContainer" class="add"></div>
 </div>
 <h2 class="wp-block-heading" id="h-brics-u-s-losing-friends-on-the-world-stage">BRICS: U.S. Losing Friends On the World Stage</h2>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="577" src="https://cdn.thebittimes.com/images/2024/01/23/4f0c6f845519c8ba29574841a01f5bfa.webp" alt="Joe Biden World Leaders US NATO" class="wp-image-125821" srcset="https://cdn.thebittimes.com/images/2024/01/23/4f0c6f845519c8ba29574841a01f5bfa.webp 1024w, https://cdn.thebittimes.com/images/2024/01/23/4f0c6f845519c8ba29574841a01f5bfa.webp 300w, https://cdn.thebittimes.com/images/2024/01/23/4f0c6f845519c8ba29574841a01f5bfa.webp 768w, https://cdn.thebittimes.com/images/2024/01/23/4f0c6f845519c8ba29574841a01f5bfa.webp 1536w, https://cdn.thebittimes.com/images/2024/01/23/4f0c6f845519c8ba29574841a01f5bfa.webp 380w, https://cdn.thebittimes.com/images/2024/01/23/4f0c6f845519c8ba29574841a01f5bfa.webp 550w, https://cdn.thebittimes.com/images/2024/01/23/4f0c6f845519c8ba29574841a01f5bfa.webp 800w, https://cdn.thebittimes.com/images/2024/01/23/4f0c6f845519c8ba29574841a01f5bfa.webp 1160w, https://cdn.thebittimes.com/images/2024/01/23/4f0c6f845519c8ba29574841a01f5bfa.webp 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Doug Mills / The New York Times
  </figcaption>
 </figure>
 <p>Florida Senator Marco Rubio expressed concerns that the U.S. is now having fewer friends in the global circles. The Senator cautioned that BRICS could create further divide making the U.S. stand alone on the international stage.</p>
 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a>: HSBC Predicts the Future of the U.S. Dollar</strong></p>
 <p>Rubio urged the White House to lend a helping hand to developing countries and not press sanctions at the whip of a hat. He also praised Argentina’s President Javier Milei for declining BRICS membership and aligning with the U.S.</p>
 <p><strong>“Milei is taking the right steps to be a friend to the United States. The Biden Administration would do well to reciprocate that because friends are few and far between these days,”</strong> Rubio said.</p>
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div>
 </div>
 <p>The U.S. Senator added, <strong>“If current trends continue, it will become harder and harder for the United States to prevent international violence and oppression through sanctions”.</strong></p>
</div>
<div class="cs-entry__tags">
 <ul>
  <li>BRICS</li>
  <li>US DOLLAR</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/brics-u-s-having-less-friends-as-developing-countries-unite-tbt77450.html">https://thebittimes.com/brics-u-s-having-less-friends-as-developing-countries-unite-tbt77450.html</a></p>

BRICS: U.S. Having Less Friends As Developing Countries Unite

Table of Contents

TheBitTimes

Other articles published on Jan 23, 2024

Mt. Gox advances in settling debts with Bitcoin, BCH repayments

XRP to Crash to Virtual Zero Against Bitcoin, Predicts Max Keiser

Digital Asset VC 1RoundTable Eyes $800M Fund for Growth-Stage Startups

Analyst Thinks ADA Price Could Hit $7 in 2024 as New Altcoin Also Receives Bullish Forecast

What Is ONDO and Why Is the Token Up 2,500% Since Unlock?

Crypto Market Price Analysis Today: Bitcoin (BTC), Ethereum (ETH), Cartesi (CTSI), MANTA, Algoran...

Join our free newsletter for daily crypto updates!