Trump threatens mega tariffs: BRICS payment platform in danger!

Trump threatens mega tariffs: BRICS payment platform in danger!

Red alert for BRICS Pay: 2025 is now or never! The much-vaunted payment method of the BRICS countries is fighting for survival - the economic alliance has been trying to stand up to the Western financial giants for two years, but the result has been meager. Especially now that the future US President Donald Trump is aggressively adjusting tariffs, the BRICS countries are sitting on red hot coals. If the great vision of an independent payment platform threatens to come to nothing, as watcher.guru reports?

Times now seem more difficult than ever for BRICS since the alliance was founded in 2001. In a role backwards against the dominance of the US dollar, Allianz has so far barely left a dent in the green giant. The group even doubled its membership in 2023, but recent geopolitical tensions now threaten to derail this expansion. Trump's latest tariff threat is just a slap in the face to the BRICS' determined plans to overcome the international dollar. according to watcher.guru.

BRICS has to deliver: With a devaluation of the yuan and rupee by over 5% against the dollar since the beginning of the year, the alliance's framework is rattling. Ramesh Vaidyanathan of the IBA Asia Pacific Regional Forum warned that BRICS Pay could be the “only true move in a multipolar global economy,” but the clock is ticking relentlessly. Will it be possible to turn the plan from an independent financial model into reality - or will BRICS remain forever in the shadow of US dominance?