What happened to BRICS nations?
Since Trump came in I am yet to hear them convening for any meeting. Since Trump slammed Tariffs on most of them I don't see them having any meetings or talking about BRICs anymore.
It makes me to think that were they for real or they wanted to just cause some disruptions in the world market at the time they were talking about whatever they were going to do.
India is a BRICS member but I don't see them having any friendly chat with China with the reality of things.
To each one their own.
BRICS countries were preparing to create a separate currency system, but the new US President Trump has put a damper on their plans. He had announced that if any country tries to introduce a separate currency system instead of the dollar, they will be subject to additional tariffs. Most countries in the world want duty-free access to the US for their goods because it has a large export market and the prices of their products are as expected. Besides, being in the favor of a powerful country means that there is a possibility of receiving huge amounts of grants every year.
source:
https://www.reuters.com/markets/currencies/trump-repeats-tariffs-threat-dissuade-brics-nations-replacing-us-dollar-2025-01-31/