The Mighty BRICS Folds Under Pressure
BRICS was a raging bull when Joe Biden was in the White House and threatened to uproot the US dollar. They even rewrote trade deals, abandoning the US dollar and using local currencies for payment settlements. If that wasn’t enough, the alliance made it clear that they are working on the formation of a new currency. De-dollarization was buzzing in the developing world, citing development as the only opportunity to capture power from the West. Also Read: China Settles $855 Billion Worth of Deals With BRICS Countries in 2025 All it took was a threat from President Donald Trump to impose tariffs, and the mighty BRICS folded under pressure. Trump’s policies were quick, and world leaders realized that he’s not playing around either. The tariffs not only came down hard but also rattled their plans, causing a rift within the alliance. It cut apart their ideology in half, where Russia, China, and Iran are on one side, and India, South Africa, and the UAE are on the other side....