Trump’s sharp stance aims to counteract the bloc’s de-dollarisation agenda, which he sees as a direct challenge to US economic hegemony.
The BRICS group of emerging-market powers — the acronym stands for Brazil, Russia, India, China and South Africa — has gone from a slogan dreamed up at an investment bank two decades ago to a real-world club that controls a multilateral lender.
US President Donald Trump warned BRICS nations, stating that countries pursuing de-dollarisation efforts will face a 100 per cent tariff on trade with the United States
New member Indonesia should also not “surrender to arrogant expressions" made by countries outside BRICS, a Russian diplomat says.
Indonesia’s inclusion in BRICS enhances the representation of the Global South and strengthens efforts to reform global governance institutions. This move positions the bloc as a stronger platform for collaboration among developing nations.
US President Donald Trump has sent a strong warning to BRICS nations, including India. He said the countries could face 100% tariffs if they continue to work toward reducing the use of the US Dollar in global trade.
Despite the threat of a trade war with the U.S., economists and analysts tell CNBC that this will not stop BRICS from expanding.
President Donald Trump has again threatened 100% tariffs on BRICS. Where does India stand on de-dollarisation and internationalisation of the rupee? What are the issues and concerns involved?
Brazil takes the helm at a moment when diplomatic pragmatism should take precedence over some of the bloc’s more polarizing initiatives.
BRICS wants to usher in an international order not so dominated by the West. To a lot of Global South countries, that's an appealing vision. The post There's a Reason BRICS Is the Hottest Multilateral Ticket in Town appeared first on World Politics Review.
At his inauguration, Trump said that BRICS shouldn’t see his statement as a threat, but rather a clear stance on the issue.