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Can BRICS challenge the US-led world order? | Counting the Cost

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**Can BRICS Challenge the US-Led World Order?**

In a dramatic escalation of global economic tensions, Donald Trump has threatened to impose a staggering 10% tariff on nations that align with the BRICS bloc, which includes major emerging economies like China, India, and Brazil. This move comes as BRICS nations, representing nearly half of the world’s population and 40% of global GDP, intensify efforts to reduce their reliance on the US dollar and challenge the established US-led economic order.

At the recent BRICS summit in Rio de Janeiro, leaders united in their call for a new global financial framework, condemning US tariffs and sanctions. However, the absence of Chinese President Xi Jinping from the summit raised eyebrows, leading to questions about the bloc’s internal cohesion. Critics argue that despite its potential, BRICS faces significant challenges, including rifts among its members and the daunting task of establishing a unified economic strategy.

As Trump lashes out against what he perceives as anti-American sentiment within BRICS, the stakes have never been higher. The group’s ambitions to create alternative payment systems and promote trade using national currencies could redefine global commerce. Yet, the question remains: can BRICS truly pose a threat to the entrenched dominance of the US dollar?

The urgency of this geopolitical showdown is palpable. With Trump’s tariffs looming, BRICS nations are at a crossroads, navigating the delicate balance between cooperation and confrontation. As they seek to carve out a new economic landscape, the world watches closely—will BRICS emerge as a formidable challenger to the US, or will internal divisions undermine its aspirations? The answers could reshape the future of global finance.

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