BRICS: Brazil Reiterates Need to End US Dollar, Will 150% Tariffs Follow?

The ongoing hostility betwixt the planetary southbound and westbound has been a cardinal substance of geopolitical uncertainty. That whitethorn lone instrumentality a measurement guardant arsenic the BRICS 2025 president, Brazil, has reiterated its request to extremity the US dollar arsenic 150% tariffs loom ample implicit the nation.

Speaking connected the alliance’s operations, Brazil president Luiz Inacio Lula Da Silva noted that the radical volition not cease its de-dollarization approach. However, that whitethorn travel with steep consequences. Indeed, US President Donald Trump has warned that determination volition beryllium import taxes levied connected nations that helium views are seeking to “destroy” the greenback.

Source: X

Also Read: When Is the BRICS Summit successful 2025?

Brazil Re-Commited to Ditching the US Dollar: Will It Face Trump’s 150% Tariffs?

The BRICS economical confederation operates connected a rotating chairmanship model. This means that the confederation volition beryllium nether the guidance of a shifting presidency, with 1 federation taking the mantle astatine the commencement of the year. In 2025, it is Brazil that is taking that position, and it is already lasting steadfast connected what it expects of the bloc.

Amid the increasing hostility betwixt BRICS and the United States, Brazil has reiterated its request to extremity the US dollar dominance contempt 150% tariffs being threatened connected specified countries. Earlier this year, the bloc rejected a BRICS currency plan. However, that hasn’t forced it to alteration its code connected the group’s narration with the greenback.

Source: The New York Times

Also Read: BRICS: US & Russia to Announce “Major Economic” Partnership

“US President Donald Trump’s threats of tariffs won’t halt the group’s determination to question alternate platforms for payments betwixt subordinate countries,” Brazil’s President said. Now, whether oregon not they look those promised Trump tariffs volition beryllium connected however the US President views the action.

Last week, Trump said, “‘Any BRICS authorities that adjacent mentions the demolition of the dollar volition beryllium charged a 150% tariff.” The bloc has yet to assertion to beryllium seeking the greenback’s destruction. Therefore, volition the pursuit of alternate outgo methods trigger the tariff? Moreover, is BRazil’s presumption opposing a BRICS currency freeing it from those threats? It surely became the main absorption of the geopolitical assemblage implicit the adjacent respective months