US EditionBRICS members discuss US' reciprocal tariffs, express 'serious concern' about trade tensions
9 Articles
9 Articles
BRICS members discuss US' reciprocal tariffs, express 'serious concern' about trade tensions
Several members say tariffs 'seriously violate' World Trade Organization rules, citing possible negative effects on 'global economic growth … interests of developing countries' - Anadolu Ajansı
In a context marked by global trade tensions, members of the bloc expressed concern about the impact of reciprocal tariffs imposed by the United States, which disrupted supply chains and weakened the multilateral trading system based on international standards. READ ALSO Trump threatens tariffs of 100% to BRICS countries China stressed that US protectionist policies represent a clear example of unilateralism and economic harassment. According to…
Is “De-Dollerization” On The Table? BRICS Summit Approaches As Trade War Simmers - Alt-Market.us
This article was written by Brandon Smith and originally published at Birch Gold GroupFor many years now I have been talking about the growing global economic divide between East and West. This volatile opposition between the BRICS nations and the US is not a product of the Trump era. It has been decades in the making with a myriad of complex working parts and numerous US trading partners have been preparing for the fallout as far back as 2008.A…
Checkmate: How Adopting a BRICS Payment System Might Erode the Dollar's Dominance in Trade Markets – Economics Bitcoin News
Several international analysts examined how the introduction of a BRICS international payment system might affect the current use of the U.S. dollar in trade. Experts cited sanctions evasion, cost reduction, and transaction confidentiality as the main advantages of this system compared to alternatives like SWIFT. Experts Warn Upcoming BRICS Payment System Might Dent Dollar’s Trade […]
BRICS laying the groundwork for a more balanced global financial system - Friends of Socialist China
In the following article, which was originally published in China Daily, Endalkachew Sime, a former Minister of Planning and Development in Ethiopia, who is currently studying for his PhD at Peking University, provides a balanced overview of the trend towards de-dollarisation and the role played by the BRICS+ cooperation mechanism. He notes that it has … Continue reading BRICS laying the groundwork for a more balanced global financial system The…
CoinStats - Is SWIFT Facing Its End? Russia Unveils Globa...
As geopolitical tensions reshape global balances, the BRICS are accelerating the establishment of their own payment network. Driven by Russia, this infrastructure aims to emancipate itself from SWIFT and to open a financial avenue outside western control. The announcement of its accessibility to non-member countries marks a strategic break. Beyond a regional tool, BRICS Pay is becoming a lever of global influence and a strong signal in favor of …
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