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BRICS Nation Pays 43% of Exports in the Chinese Yuan.
Brazil has exported over 180,000 tonnes of peanuts to China, Russia, Algeria, and the Netherlands in 2025, and 43% of the exports were paid in the Chinese yuan. Now you can know the very reason $TRUMP imposed high Tariffs on Brazil.
Only Algeria and the Netherlands settled the trade by dealing in US dollars. The quantity which was exported to Netherlands will later be shipped to the other parts of Europe.
This recent move by BRICS gave 10 member bloc to push towards local currencies for cross border transactions.
Brazil has exported over 180,000 tonnes of peanuts to China, Russia, Algeria, and the Netherlands in 2025, and 43% of the exports were paid in the Chinese yuan. Now you can know the very reason $TRUMP imposed high Tariffs on Brazil.
Only Algeria and the Netherlands settled the trade by dealing in US dollars. The quantity which was exported to Netherlands will later be shipped to the other parts of Europe.
This recent move by BRICS gave 10 member bloc to push towards local currencies for cross border transactions.
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