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Showing posts with the label de-dollarization motives

BRICS Makes Landmark Progress in GDP Race: What It Means

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Amid its ongoing rise over the last several years, the BRICS economic alliance has made landmark progress in the ongoing GDP race that could have massive implications for the collective. Indeed, the bloc has continued to seek a greater role in the global market. Now, its latest progression has paved the way for that to take place. The BRICS group has not been shy about its hope for a multipolar world. Specifically, it has sought to challenge status quos that have benefited several countries at the behest of others. That focus has not shifted this year. Moreover, it could take a major step forward with the imminent 2025 summit set to be one of its most important. Source: X Also Read: Saudi Arabia Drops BRICS, Inks $600B Strategic Deal With US in 2025 BRICS Hit Groundbreaking GDP Level Amid Ongoing De-Dollarization Motives At the start of the year, tensions began to form between both the US and the BRICS economic alliance. Indeed, US President Donald Trump threatened 150% tariffs on the ...