BRICS vows ’won’t stop’ de-Dollarization efforts despite Donald Trump’s 100 % tariff warning

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1. Submission Statement : Brazil’s President Lula da Silva has said that BRICS (Brazil, Russia, India, China, and South Africa) is committed to ending US Dollar dominance “no matter what”. The Brazil President was heard saying, “US President Donald Trump’s threats of tariffs won’t stop the group’s determination to seek alternative platforms for payments between member countries.”

   Brazil’s BRICS presidency will strengthen bloc’s push for a multipolar world, said Lula da Silva. The Brazilian president told the same during a meeting of the bloc’s sherpas.

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3. Brics wants to end dollar dominance but they don’t want to put an effort to create a single currency that could contend with the dollar, how is that supposed to work?

4. This one’s spicy.

   On one hand, we do not want others to decouple from the US dollar, as that is probably our most effective tool in the toolkit when it comes to exerting American hegemony.

   On the other hand, any nation has an incentive to diminish the tools used by other other nations to coerce them into doing or supporting actions and policies that do not maximize their gain.

   The best course of action, from the American standpoint, is to ensure that the benefits of working with the US dollar outweigh any other option, which includes leaving for the BRICS sphere of influence. In this case, 100% tariffs will work as a deterrent until they’re no longer effective. When is that? When all the trade needs and goods are sourced elsewhere that trade is no longer needed with America, thus negating tariffs to be paid.

   It’s an extreme case for sure. It requires a lot of actors, if not all of them, to decide at the same time, that America and her tariffs are not worth dealing with. Realistic action will likely be far from this case, if not just swept aside. Even if somehow BRICS came to parity with American hegemony, most who would rather work under BRICS would be in the same position anyways:

   If their name isn’t in the BRICS acronym, they’re not going to gain much other than domestic political points for saying FU to the West.

5. Isn’t trump going to have the US join BRICS? We’ve just switched allegiances to BRICS almost entirely so…?

6. Why would Spain do this

7. BRICS Is the biggest nothing burger in human history. It’s hilarious that the media keeps giving their meetings coverage when they decide on nothing, sign nothing, enact nothing, and pursue nothing.

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