BRICS

U.S President Donald Trump has found a new target for its Tariff wars-BRICS. To make the dollar great again, President Trump has announced that he would be imposing a 100% tariff on imports from any country adopting the BRICS currency. If enacted, it would double the cost of imported goods in the U.S., hence disrupting the trade and glocal economics dynamics.

China plans to build a blockchain-powered national data infrastructure by 2029, focusing on secure data exchange and privacy protection. The initiative includes pilot projects, blockchain-based data markets, and advanced security measures, with significant investment expected over the next five years.

During the summit, Putin president Putin shocked the world by saying that "the middle East is on the brink of a full-scale war after a sharp rise in tension between Israel and Iran."

彭博社报道称，俄罗斯正试图通过在金砖国家内部使用比特币等加密货币来绕过西方制裁。此前，俄罗斯曾表态金砖国家将利用加密货币推动投资与经济发展。

普京宣布，金砖国家联盟成员，包括巴西、俄罗斯、印度、中国和南非，将采用加密货币推动投资与经济发展。这一举措被视为联盟的重大转折，可能加速全球“去美元化”进程。

Despite ongoing regulatory challenges in the US, Japan and BRICS continue to embrace Ripple (XRP) and its infrastructure.

China’s BRICS trade surged 5.1% to $653 billion in 2024. BRICS expansion strengthens emerging markets, but balancing diverse priorities may challenge future cooperation and global economic influence.

In recent months, the BRICS bloc has been working extensively to push for an alternate financial system in an effort to dethrone the monopoly of the dollar.

Donald Trump’s proposal to impose 100% tariffs on countries moving away from the US dollar aims to reinforce the dollar's global position. This move reflects his broader economic strategy and is part of his campaign efforts in pivotal states like Wisconsin.

After 60 years of waiting, Turkey just threw its chances of ever joining the European Union (EU) out of the window, with the recent application for a membership with the BRICS alliance.