TRUMP TARIFFS
At the 2025 BRICS Summit in Rio de Janeiro, Russian President Vladimir Putin boldly declared the end of the globalization era, calling on member nations to trade in their own currencies. He emphasized that over 90% of Russia’s trade with BRICS countries already bypasses the U.S. dollar. As part of this shift, Putin unveiled “BRICS Pay” — a decentralized payment system positioned as a direct alternative to SWIFT.
In a swift and forceful response, U.S. President Donald Trump threatened additional tariffs, starting at 10% and potentially climbing to 100%, on nations adopting what he called “anti-American” BRICS policies—specifically moves aimed at reducing dependence on the U.S. dollar.
These rising tensions between BRICS and the U.S. are accelerating a global rethink of the financial order. As legacy systems come under strain, alternatives like cryptocurrencies, stablecoins, and decentralized networks are gaining traction as neutral tools in a rapidly dividing world economy.