In a bold statement, U.S. President Donald Trump described BRICS as a “little group… fading out fast,” despite the bloc now accounting for over 40% of global GDP. His remarks come amid escalating geopolitical tensions and renewed calls for de-dollarization among emerging economies.
Tariff threat reignited
Trump reiterated plans to impose a 10% tariff on BRICS-related imports, claiming the move is vital to protect U.S. economic dominance. According to him, his earlier warnings led to reduced participation in a recent BRICS summit a claim disputed by analysts.
BRICS counters isolation narrative
Despite Trump’s dismissal, BRICS continues to expand its influence. The group has welcomed new members including Saudi Arabia, Egypt, Ethiopia, Iran, and Indonesia, and is pushing forward with initiatives like a common payment system and alternative trade mechanisms.
A strategic contradiction
While Trump portrays BRICS as irrelevant, the numbers tell a different story. Collectively, BRICS economies now surpass the G7 in purchasing power parity and continue to attract global attention as a potential counterbalance to Western financial systems.
The tension between rhetoric and reality underscores a shifting global order and the uncertain role the U.S. will play in shaping it.
Source: Reuters, Times of India, IMF, BRICS Secretariat
Date: July 19, 2025
