Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 9-3-25
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BRICS Members Refuse to Back Down in US Market Push
Despite aggressive Trump tariffs, BRICS nations are doubling down on U.S. market access while accelerating their de-dollarization strategy.
Tariffs Strengthen BRICS Unity
President Trump’s tariff escalation has targeted BRICS nations with unprecedented increases:
India: tariffs doubled to 50%, largely due to continued Russian oil imports.
Brazil: tariffs raised to 50%.
China: sweeping tariffs of up to 145% on imports.
Rather than dividing the bloc, these moves are strengthening BRICS coordination. Russian President Vladimir Putin and Brazilian President Luiz Inácio Lula da Silva have been aligning strategies with Indian Prime Minister Narendra Modi. Modi’s recent trip to China for the SCO summit — his first in seven years — signals a renewed effort at BRICS cohesion in response to tariff pressure.
Chinese officials have been blunt:
“Using tariffs as a weapon to suppress other countries violates the UN Charter, undermines WTO rules, and is both unpopular and unsustainable,” said Foreign Minister Wang Yi.
Ambassador to India Xu Feihong added: “Give the bully an inch, he will take a mile.”
An Expanding Economic Powerhouse
BRICS has grown into an economic and geopolitical force:
Territory: 39.75 million sq km vs. the G7’s 20.05 million.
Population: 3.3 billion people.
Economy: 28.9% of global GDP, rising to 42.5% measured by purchasing power parity (PPP).
Defense: $567 billion in spending compared to NATO’s $1.47 trillion.
The expanded BRICS-Plus now includes Egypt, Ethiopia, Indonesia, Iran, and the UAE, with over 40 additional countries expressing interest — including NATO member Turkey. This growing appeal underscores demand for alternatives to Western-dominated market structures.
De-dollarization Gains Momentum
At the same time, BRICS is accelerating its de-dollarization mission:
Roughly 20% of oil trading among members now takes place in non-dollar currencies.
India and China are paying for Russian oil through alternative systems, including Rupee-Vostro accounts.
Saudi Arabia is considering yuan-denominated oil contracts.
Indian companies have already settled coal purchases in yuan without intermediaries.
Prime Minister Modi stated at the Kazan summit:
“Economic cooperation could be strengthened through local currencies rather than relying on the dollar.”
Central banks across BRICS continue to reduce dollar reserves, driving the U.S. dollar’s global share to its lowest level in two decades. While the question of a unified BRICS currency remains unresolved, bilateral settlement mechanisms are already weakening dollar dominance.
Why This Matters
The Trump administration’s tariffs were intended to curb BRICS trade leverage, yet they have reinforced the bloc’s unity and economic determination. By pressing forward with de-dollarization while maintaining U.S. market access, BRICS is signaling that the dollar-led system is no longer unquestioned.
Key Takeaway
BRICS is not retreating under pressure — it is leveraging tariffs to consolidate strength, expand partnerships, and accelerate de-dollarization. Even without a single BRICS currency, the bloc is reshaping global trade and finance through alternative systems that bypass the U.S. dollar.
@ Newshounds News™
Source: Watcher Guru
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