BRICS: US & China Agree to Tariff Pause, But Who’s Next?
The United States and China have reached a temporary truce in their escalating trade tensions, agreeing to a 90-day pause on tariffs. This development comes after the US imposed a sweeping 10% tariff on imports globally in early April. China, as a leading voice within the BRICS alliance, has set a precedent that other member nations may follow.
The BRICS bloc had previously aligned its stance against US import duty hikes, signaling collective resistance. With China securing a reprieve, attention now turns to whether other BRICS nations—such as Brazil, Russia, India, or South Africa—will negotiate similar pauses. The outcome could reshape global trade dynamics and influence commodity-driven markets.
While the news carries macroeconomic implications, its direct impact on cryptocurrency markets remains muted. No specific digital assets or exchanges are tied to this development, but traders should monitor for secondary effects on risk appetite and USD liquidity conditions.