Why is Donald Trump so afraid of BRICS?

Reached by western sanctions and tariffs, Russia and China are leading the so -called dedolarization movement, closing energy agreements in rubles and yuans. India, in turn, has paid for cheap Russian oil since 2023 in Yuan, Rublos and even in the dirham of the United Arab Emirates.

Larger ambitions, such as a common gold -backed currency, nicknamed “unity,” so far have been paralyzed amid internal differences between the powerful BRICS members. India, concerned about the mastery of the Yuan of China, has rejected the plan, while Brazil, host of the 2025 summit, also wants to prioritize trade in local currency rather than a unified coin.

“India, along with Brazil, is trying to balance Brics’ anti-western message, which is dominated by China and Russia,” says Garcia-Herrero, who is also chief economist (Asia Pacific) of the French investment bank Natixis.

According to the BRICS website, about 33 trillion dollars (R $ 180 trillion) of global trade held in 2024, intra-bric trade accounted for only 3%, or about $ 1 trillion.

“Most world trade is still settled in dollars and other traditional currencies,” explains economist Herbert Poisch. “It will be necessary to dethrone this.”

The American currency is used in 90% of global transactions and 59% of currency reserves, leading several economists to argue that decalarization remains a distant threat.