#TrumpTariffs Putin vs. Trump: BRICS Pushes Back on the Dollar, Trade Tensions Rise

At the 2025 BRICS summit in Rio, Vladimir Putin made a bold statement that caught global attention. He declared that globalization is no longer working and urged emerging markets to start trading in their own currencies instead of relying on the US dollar.

In simple terms, BRICS seems ready to move on from the dollar. About 90% of Russia’s trade within BRICS is already being settled in local currencies, and there’s a new payment system in development—"BRICS Clear"—meant to replace SWIFT entirely.

Back in the US, Donald Trump wasn’t too pleased. The former president responded with strong words, threatening a 10% tariff on any country supporting BRICS initiatives he views as anti-American. He’s even hinted at going as high as 100% tariffs if needed.

This growing shift away from the dollar could have major implications for crypto. As traditional systems face challenges, digital alternatives like stablecoins, CBDCs, and decentralized payment networks might gain even more relevance. The world of finance is clearly becoming more multi-polar, and Web3 could be the neutral space where it all meets.

In this high-stakes game of economic power, Putin says, “Forget the dollar.”

Trump replies, “Do it, and face the consequences.”

The markets are watching closely.

Do you think BRICS has what it takes to challenge the dollar’s dominance?