BRICS is now an 11-member alliance, with China being economically stronger with a GDP of $19 trillion. The Communist nations are only second to the U.S., which has a GDP of $25.5 trillion. China is competing with the U.S. economically, and the newly extended BRICS gives it a boost to challenge the dollar. China and Russia played a bigger role in the BRICS expansion to take on the U.S. and the West.
Also Read: How Much Oil & Commodity Expanded BRICS Control?
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) said in a recent interview that China has changed its warfare in recent years. According to RFK Jr., China does not want to enter into a war with the U.S., as it could financially drain the Communist nation. He believed that China is now using economic tactics to bring down the U.S. economy through BRICS expansion. Read here to know how many sectors in the U.S. will be impacted if BRICS stops using the U.S. dollar.
Also Read: U.S. & Germany React to BRICS Expansion
BRICS: China Aiming to ‘Bury’ The U.S. Economy
RFK Jr. said that China is looking to “bury” the U.S. economically by weaponizing trade deals with other developing countries. “China does not want a war with the United States. We spent three times on our military on what they do. We have 800 bases abroad, they have one and a half,” he said on CNBC’s Last Call segment.
However, the Presidential candidate added, “They (China) want to compete with us. They want to bury us, but they want to do it on an economic playing field. And they need us. You know, they cannot survive without us,” he said.
Also Read: BRICS: What Are the Challenges For Setting Up a New Currency?
Despite attempts by China to bring down the U.S. economy, RFK Jr. said that the U.S. must not cut off trade deals with the Communist country. “I’m not somebody who thinks that we should divide the world. I don’t think we should cut off trade with China,” he summed it up.
