BRICS Buckles: The Once-Mighty Economic Bloc Cracks Under Global Pressure

BRICS crumbles as geopolitical tensions and economic headwinds expose its structural weaknesses.

Once hailed as the future of multipolar economics, the bloc now faces existential questions—just as traditional powers predicted.

Here’s why the ‘alternative to Western dominance’ narrative is unraveling faster than a meme coin in a bear market.

BRICS Common Currency a Distant Dream

After Trump threatened additional tariffs, BRICS members were in talks with the White House to reduce customs on their behalf. The idea of launching a BRICS currency has taken a back seat with little to no progress on the formation. All the alliance did was manage to create a mock-up bill, which has no value in the real world. The mock-up bill was displayed by Russian President Vladimir Putin at the 2024 summit in Kazan.

To everyone’s surprise, BRICS did not mention de-dollarization and the formation of a new currency in the 2025 summit. The fear of Trump’s retaliation remains high as he is capable of wreaking havoc on their economies. The stakes are high, and emerging economies don’t want to lose, as they’ve come a long way in strengthening their GDPs. The alliance has failed to survive the litmus test initiated by Trump and folded under pressure.