Fri Feb 28 15:35:01 UTC 2025: ## BRICS+ Defies Trump’s Tariff Threats, Presses Ahead with De-Dollarization
**JOHANNESBURG, SOUTH AFRICA** – Despite repeated threats of steep tariffs from former US President Donald Trump, the BRICS+ nations remain steadfast in their pursuit of an alternative to the US dollar for international trade. This commitment was underscored by Brazilian President Lula da Silva, who directly rejected Trump’s claims of a fractured BRICS+ and reaffirmed the group’s dedication to a multipolar world order.
Trump, in a series of pronouncements last week, boasted that his threats of 100-150% tariffs had effectively dismantled the BRICS+ alliance, claiming the group was no longer discussing de-dollarization. These assertions were swiftly refuted by President da Silva, who stated unequivocally that the BRICS+ will continue its efforts to reduce reliance on the US dollar regardless of any tariff threats.
The BRICS+ grouping, comprising Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, the UAE, and Indonesia (with Saudi Arabia considering membership), has seen increased cooperation in recent years, particularly since the imposition of sanctions on Russia. While a common BRICS+ currency is not yet established, member states are actively exploring alternative payment platforms and increasing bilateral trade in their national currencies.
President Putin previously emphasized the importance of de-dollarization for a multipolar world, advocating for increased settlements in national currencies and enhanced inter-bank cooperation within the BRICS+ framework. The group’s summit this year, under Brazil’s presidency, is expected to further solidify its commitment to this goal.
Although the US dollar remains the dominant global currency, the BRICS+’s defiance of Trump’s threats signifies a growing challenge to its hegemony. The group’s determination highlights a shift toward a more diversified and potentially less US-dollar-centric global financial landscape.
First Piper 