In a context of increasing geopolitical tensions, US President Donald Trump has reignited trade hostilities, targeting BRICS nations.
Trump's New Offensive Against BRICS
Donald Trump has once again spoken out against BRICS nations, stating that 'BRICS are dead, and if they want to play with the dollar, they will be hit with a 100% tax.' He refers to some bloc members' efforts, such as China and Russia, to bypass the dollar in international transactions. The former White House occupant, known for his protectionist stances, threatens to block BRICS exports to the US should they continue on this path.
China's Response to US Threats
Beijing swiftly reacted to Trump's statements. Chinese Foreign Ministry spokesperson Guo Jiakun described the protectionist approach as counterproductive and harmful to the common interests of all nations. China emphasizes the importance of economic cooperation within the BRICS and views the US threat as another example of Washington's attempts to impose a unilateral economic order to the detriment of emerging economies.
Potential Consequences and a New Global Economy Phase
If Trump maintains his stance, BRICS nations may accelerate their transition to a less dollar-dependent economic model. This could facilitate the rise of cryptocurrencies and central bank digital currencies. Such developments could reduce US influence on international trade.
These statements could mark the beginning of a new global financial era where the US seriously faces new economic realities and growing resistance to protectionist policies.
