BRICS members are continuing their aggressive push into the BRICS US market, right now, despite facing some pretty harsh Trump tariffs from the current administration. The economic bloc has actually been pursuing its BRICS de-dollarization mission while also trying to maintain access to US markets, and honestly, the question when will BRICS currency be released remains central to countering what many see as the BRICS US dollar decline trend that’s been happening.
Also Read: BRICS To Hold Virtual Meet on Monday To Discuss Trump’s Tariffs
BRICS Persist in US Market Push While Advancing De-dollarization Goals
Trump’s Tariff Strategy Actually Strengthens BRICS Unity
Trump’s aggressive tariffs target BRICS nations with some unprecedented increases, actually. India now faces doubled tariffs to 50%, and officials cite this as a response to their continued Russian oil imports. Brazil receives similar 50% tariff increases, while China confronts what amounts to 145% blanket tariffs on their imports.
Russian President Putin along with Brazilian President Lula have been coordinating with PM Modi to develop responses. Modi’s China visit for the SCO summit marks his first trip there in seven years, which demonstrates how these BRICS Trump tariffs are actually strengthening BRICS cooperation in the BRICS US market, ironically.
Chinese Foreign Minister Wang Yi stated:
“Using tariffs as a weapon to suppress other countries violates the UN Charter, undermines WTO rules, and is both unpopular and unsustainable.”
Chinese ambassador to India Xu Feihong had this to say:
“Give the bully an inch, he will take a mile.”
Economic Powerhouse Emerges Despite Ongoing Pressure
BRICS now controls around 39.75 million square kilometers compared to the G7’s 20.05 million. The bloc houses 3.3 billion people and produces about 28.9% of global GDP, reaching 42.5% when economists measure it by purchasing power parity. BRICS keeps defense spending efficient at $567 billion versus NATO’s much higher $1.47 trillion.
The expanded BRICS-Plus group actually includes Egypt, Ethiopia, Indonesia, Iran, and the UAE now. More than 40 countries have expressed membership interest, including NATO member Turkey, which shows the appeal of alternatives to Western-dominated BRICS US market access.
De-dollarization Mission Gets New Momentum
The BRICS de-dollarization mission gains momentum, with countries now conducting around 20% of oil trading in non-dollar currencies. India and China lead this shift, purchasing Russian oil through alternative payment systems that support their ongoing BRICS de-dollarization efforts.
India’s RBI has actually allowed banks to open special Rupee-Vostro accounts for Russian companies. Saudi Arabia is considering Yuan-denominated oil contracts, while some Indian companies are paying for Russian coal in Yuan without even needing Chinese intermediaries.
PM Modi stated at the Kazan summit:
“Economic cooperation could be strengthened through local currencies rather than relying on the dollar.”
Central banks shift their reserves away from dollars, and the US dollar’s share drops to a two-decade low. The question when will BRICS currency be released remains officially unanswered due to some internal disagreements, but bilateral arrangements accelerate the BRICS US dollar decline trend.
India’s Foreign Ministry spokesperson Randhir Jaiswal said the country maintains:
“Steady and time-tested ties with Russia, and urged the US not to view these relations through a third-country lens.”
Also Read: BRICS Could Worsen US Debt & Deficit Crisis, JP Morgan Reports
Despite internal challenges and the ongoing question when will BRICS currency be released, BRICS nations persist in their US market strategy while they advance their BRICS de-dollarization mission. The bloc leverages its economic strength along with their unified response to Trump tariffs to demonstrate their commitment to reshaping global finance while they maintain strategic market access, and these alternative systems actually accelerate the BRICS US dollar decline.