BRICS To Hold Virtual Meet on Monday To Discuss Trump’s Tariffs - Here’s Why It Matters

BRICS nations scramble to respond as Trump's tariff threats rattle global markets.

Economic Alliance Reacts

The bloc convenes emergency talks Monday—digital assets could play unexpected role in bypassing traditional financial channels. No official agenda released, but insiders confirm tariffs dominate discussions.

Geopolitical Chess Move

Emerging economies explore alternatives to dollar-dominated trade. Cryptocurrency and CBDCs emerge as potential tools for circumventing protectionist policies—because nothing says 'financial sovereignty' like finding creative ways to avoid paying Uncle Sam.

Market Implications

Traditional finance braces for volatility while crypto markets watch closely. Another reminder that when politicians play trade wars, smart money looks for exits beyond their control.

What Will Brazil Discuss In the BRICS Virtual Meet on Monday?

Brazil’s Lula da Silva will focus on multilateralism in the BRICS virtual meet on Monday, said a source close to the development on condition of anonymity to Bloomberg. Multilateralism is a cooperation between many countries to achieve a common financial goal. In this matter, Brazil will most likely urge the alliance to rewrite trade deals in local currencies and reduce reliance on the US dollar.

China and Russia have long been calling for de-dollarization, and members such as Iran have onboarded on the idea. However, South Africa and India remain skeptical, while the Modi administration has openly denounced de-dollarization on several occasions. It is not known if de-dollarization will be discussed by Brazil in the BRICS virtual meet next Monday. However, all eyes are on the meeting as the alliance is now a powerful bloc challenging Western financial domination.

Moreover, the US has placed different tariffs on each BRICS country that could make them disagree on matters during the virtual meeting. Therefore, the alliance agreeing on a joint statement looks difficult as each member’s concerns are different.