In a movement that has sent waves through the world economic scene, President Donald Trump has announced plans to impose heavy tariffs on imports from Canada, Mexico and China. The tariffs are aimed at addressing the failure of Canada and Mexico to stop illegal migration and combat fentanyl flow and other illegal drugs in the United States. This includes an additional 25% tariff on the goods of Canada and Mexico, which will take effect in February, with a 10% rate in China imports.
The Brics Bloc – Buying the nucleus of brazil, Russia, India, China, and South Africa – Along with a Growing Number of New Members Like Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, The United Arab Emirates, and Others, and and Others, and and Othersa And oabirates, and and oabirates, and oabirates, and and oabirates, and oabirates, and oabiratos, and oabiratos, and others, and pipes, and pipe, and pipe, and pipe, and pipe, and pipulesia. Its influence in the global stage. The block has been exploring ways to reduce the dependence of the US dollar, a perceived movement as a direct challenge for US financial hegemony. Russia and China, in particular, have been vocal defenders of establishing an alternative currency to the international trade of facilitation within the block. However, India has expressed skepticism about the adoption of a single BRICS currency, with the Minister of External Affairs S. Jaishankar emphasizing the complexities involved in the alignment of fiscal, monetary, economic and political policies of the member nations.
Trump’s aggressive position underlines a broader strategy to scratch the mastery of the United States in trade and global finances. When heprar the tariffs as a punitive measure, the administration aims to deter nations in development, both in development quickly and underdeveloped, to seek economic policies that can dilute the supremacy of the dollar. However, this approach runs the risk of alienating key commercial partners and could trigger retaliation measures, potentially destabilizing international markets.
The imposition of tariffs on Canada and Mexico, both comprehensive partners in the United States-México-Canadá (USMCA) agreement, marks a significant deviation from the cooperative framework established under the agreement. Tariffs are expected to increase consumers’ costs in the US, partly in sectors such as electronics, groceries and clothing, as companies transmit additional expenses to consumers. Critics argue that such protectionist policies can be counterproductive, which leads to supply chain interruptions and tense diplomatic relations. The 100% threatened rate on BRICs nations should advance with a new currency, could further complicate the dynamics of international trade.
Beyond the immediate economic ramifications, Trump’s return and his renewed approach to tariffs could significantly affect the geopolitical order. His previous mandate saw the United States withdraw from multilateral agreements, withdraw from the Paris Climate Agreement and participate in commercial wars that led to unpredictable economic volatility. Its possible second term seems to be ready to follow a similar trajectory, with emphasis on economic nationalism that could accelerate global economic fragmentation.
In scope and depth
Kirill V. Babaev, Sergei V. Lavrov
It is likely that the decisions taken at the 15th BRICS Summit in Johannesburg lead to the revolutionary transformation of the group. It has not yet been so effective and viable that it is the new composition. However, it is already evident that duplicating the number of participants will complicate consensus decision making.
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The BRICS, now essentially the BRICS Plus Bloc, has constantly grown up in influence, not only in economic terms but also as a geopolitical counterweight for institutions dominated by the West such as the IMF and the World Bank. The expansion of the BRIC, with new potential members such as Nigeria and Pakistan, points out a strategic change towards an alternative global financial architecture.

If the thesis countries advance with a shared currency or trade agreements in local currencies, the preeminence of the US dollar in global transactions could face significant challenges.
However, within the BRICS themselves, there are notable fissures. India, a key player in the block, has maintained a balanced approach in its foreign policy, often aligning with the West in critical matters while pragmatically cheating with Russia and China. Unlike Russia and China, who is a lawyer aggressively for a multipolar world order, India is still cautious by altering the global economic status quo. New Delhi hesitation towards a BRICS currency is indicative of broader concerns regarding sovereignty, economic autonomy and its existing economic ties with the United States and Europe.
China, on the other hand, has been constantly pressed by Dollar -Dollarzation, partly through initiatives such as the Belt and Road (BRI) initiative and Yuan’s digital expansion. Russia, beaten by Western sanctions after its Ukraine conflict, has accelerated its impulse for financial alternatives, increasingly doing trade with China and other partners in non -dollars. Brazil and South Africa, although they support BRICS initiatives, lack the economic influence that China and Russia have to boost such fundamental changes in the global financial system.
Trump’s return to power injects even more unpredictability into these evolutionary dynamics. Its history of unilateraism suggests a probability of capabled economic confrontations, particularly with China, which has been accused or “cheating” repeatedly in commerce. If you follow your 100% threat of the rate, BRICs countries could respond deepening their efforts to avoid the dollar, potentially accelerating global financial fragmentation.
In addition, a more protectionist America under Trump 2.0 could create unexpected strategic realignments. India, who has foster cautiously with the BRIC while mountaining strong ties with the United States, can be forced to recalibrate its position depending on the economic consequences of US business policies. Similarly, the European Union, already cautious with the doctrine of “First America” of Trump, could try to strengthen economic associations with the BRICS nations, partly following the interruptions of the Caausedes energy supply by the Ukraine War.
For Russia, Trump’s adjustment on the administrative machinery of the United States presents opportunities and risks. On the one hand, Trump has expressed historical skepticism towards NATO and questioned the scope of US participation in Ukraine, positions that are aligned with the strategic interests of Moscow. On the other hand, their tariff threats and their possible economic hostility towards the BRICs could complicate the economic recovery of Russia, given their growing dependence on non -western business partners.
China, or seen as the main objective of Trump’s economic policies, faces a more challenging scenario. Trump’s first administration saw an intense commercial war of the United States-China that led tariffs on billions of dollars in goods. A second Trump term could climb this conflict, particularly if it is sex to cut Chinese access to critical technologies or limit its influence on global supply chains, such as access to access to memory memory memory of high width memory and foreign companies such as SK Hynix Inc. and Micron Technology INC based in Idaho Inc.
In the midst of uncertainties, BRICS ITELF must navigate internal contradictions. While the block aims to challenge Western financial domain, the different priorities of its members create internal obstacles.

A more aggressive US under Trump can accelerate BRICS cohesion as a defensive response or expose failures as individual members prioritize national interests on collective action.
Trump’s return announces a new era of strategic uncertainty. Its rates -centered policies, together with BRICS’s growing impulse for dollar, could remodel global economic alignments in unprecedented ways. While the total impact remains to be seen, what is certain is that both the United States and BRICS nations are entering an intensive economic and geopolitical response period. The coming years will probably determine that tensions that lead to a fundamental change in the global financial order or simply reinforce the existing divisions in an increasingly fragmented world economy.
The BRICS SUMMIT 2024: An expanding alternative
Fyodor A. Lukyanov
BRICS’s sixteenth summit was a hero in Kazan, Russia, on October 22, October 24. 2024. What was the new and innovative at this year’s summit, and how the block is changing the geopolitical context? Six experts from the Council of Councils of Member Countries of BRICS and beyond reflect on the future of the group and what the expansion for global governance means. Fyodor Lukyanov is among them.
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