Brics China Wants To Weaken The Us Dollar White House Says

Last updated: June 9, 2025, 20:31

Brics China Wants To Weaken The Us Dollar White House Says

In a statement issued today

BRICS: China Wants to Weaken the US Dollar, White House Says

Stephen Miran, who leads the White House Council of Economic Advisers, says the global demand for dollars has created “undue burdens on our firms and workers

In a statement issued today, White House economist, Jared Bernstein says there is “some evidence” that China wants to weaken the US dollar. Moreover, Bernstein

For a BRICS currency to

For a BRICS currency to work, China would need to provide massive amounts of yuan as a global “liquidity spigot,” similar to how the U.S. provides and supports

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White House economist Jared Bernstein

White House economist Jared Bernstein disclosed in Congress that there is some evidence that “China wants the U.S. dollar to lose its position” as the world’s reserve

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There was some evidence that

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