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Trump threatens: Will Brazil drop the US dollar at the BRICS summit?
Brazil plans to reject a BRICS currency to reduce dependence on dollar; Tensions with Trump are growing.
Trump threatens: Will Brazil drop the US dollar at the BRICS summit?
Ready for the stage: In a dramatic move, Brazil wants to bury BRICS currency plans as it hosts the 17th summit in Rio de Janeiro in July 2025. President Luiz Lula da Silva secretly initiated a U-turn, four government officials anonymously admitted to Reuters. The trigger? Under pressure from US President Donald Trump, who is threatening punitive tariffs, the alliance should abandon the US dollar in favor of a new currency. Something is brewing here! Further details can be found at watcher.guru.
But that wasn't all! After rejecting the BRICS currency, Brazil also wants to minimize its dependence on the good old dollar. Apparently an ingenious strategy for dollar independence is to be presented at the summit in July. This meeting brings together all nine BRICS countries - a stage for heated discussions, as at least two members reject the common currency idea. Russia, China and Iran, on the other hand, are fueling de-dollarization, driven by sanctions and geopolitical agendas. And then there is India, which has difficulty accepting the idea that China is pushing its global agenda through BRICS. A powder keg ready to explode! Provides in-depth reporting watcher.guru.