Trump's tariff threat and its impact on the BRICS
Trump has threatened to impose a 100% tariff on the countries that make up the BRICS bloc (Brazil, Russia, India, China, and South Africa), a group that represents a significant part of the global economy. However, Babakov has questioned the viability of this threat, highlighting global economic interdependence and suggesting that BRICS economies have already begun to find alternatives to the dominance of the US dollar. The economic interdependence between BRICS countries and the rest of the world, combined with the measures these countries have adopted to decrease their dependence on the dollar, makes such threats complex. Babakov emphasized that the BRICS do not need a unified currency to achieve their economic goals, underscoring the importance of finding alternative solutions to the traditional dollar-based financial system.

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What is Blockchain and why should we care? 🤔
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