One BRICS nation has signaled its intent to strengthen ties with US President-elect Donald Trump and his incoming administration, despite the looming threat of a 100% tariff. This shift is particularly noteworthy given Trump’s consistent stance on the BRICS bloc’s efforts to de-dollarize global trade.
Late last year, President Trump took to social media to warn BRICS nations about potential tariffs, particularly targeting countries within the global south working towards establishing an alternative trade currency. His message was clear: the United States would continue to prioritize the strength and status of the US dollar, which has long served as the world’s reserve currency.
The BRICS alliance, which has steadily gained influence over the past two years, has been vocal about its intentions to challenge the global financial order. This includes ongoing efforts to de-dollarize trade and promote a new economic framework. However, just as these initiatives seemed to gain momentum, the incoming administration has issued a stark warning regarding these moves.
Amid these tensions, India has emerged as a key player in the geopolitical shift. Officials have confirmed that the country is keen to strengthen economic ties with the United States. India’s Trade Minister, in a recent statement to Reuters, expressed a clear intention to engage deeply with the new US administration, underscoring a desire for cooperation despite the tariff threat. This marks a continuation of India’s long-standing bilateral relationship with the United States, which has been sustained through the administrations of Obama, Biden, and Trump.
As we move into 2025, the dynamics between BRICS nations and the United States could dramatically shift. While India remains committed to its diplomatic ties with the US, the wider impact on the BRICS bloc’s de-dollarization efforts remains uncertain. With Trump’s return to office, the geopolitical landscape promises to evolve, offering intriguing developments for global trade and financial systems.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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