The global economic order stands at a critical juncture as President Donald Trump’s recent declaration to impose 100 percent tariffs on BRICS nations seeking to undermine the US dollar’s dominance reverberates across international markets.
This threat encapsulates a fierce defense of America’s economic primacy amid mounting efforts by emerging economies to recalibrate the global financial architecture.
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The BRICS bloc—comprising Brazil, Russia, India, China, and South Africa—represents a formidable economic coalition with a combined GDP nearly rivaling that of the traditional G7 powers.
Over the past decade, these nations have intensified efforts to reduce reliance on the US dollar by promoting local currencies in international trade and exploring alternatives, including p