BRICS in distress: Will the dollar get even stronger in 2025?

BRICS in distress: Will the dollar get even stronger in 2025?

Donald Trump shocks the world with aggressive new tariff plans! The US president-elect has brought 100% tariffs against the BRICS alliance into play - a blow to the economic giant of the global south, which wants to abandon the dollar. Trump targets all nations that want to favor local currencies. This threat could strengthen the US dollar's dominant position, experts say report.

The BRICS alliance, which has recently undertaken impressive expansion efforts, faces serious challenges. Since 2022, the members, especially Russia, have been trying to overturn the dollar's supremacy - so far with moderate success. Analysts at Nomura Securities predict that the dollar will still strengthen in 2025. The combination of high inflation and Trump's tariff policy could continue to provide a boost to the dollar's performance, while India has already capitulated to the pressure and doubts the BRICS' own currency initiative.

Tension is rising over Trump's controversial proposal. Will his uncompromising approach permanently change the global economic landscape? One thing is certain: the discussions are simmering!