China could ease BRICS trade pain

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unified BRICS currency

CNBC

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The BRICS bloc is growing — and Trump's tariff threat isn't expected to put off aspiring members

Summary

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86% Informative

Donald Trump has pledged a 100% tariff against BRICS nations if they continue to undermine the U.S. dollar.

But the threat won't rein in the group's expansion, analysts tell CNBC .

Trump 's tariff threat is conditional on BRICS dethroning the dollar as the world's most widely used trade currency.

The bloc is still too loose and unorganized to create substantive change, analysts say.

There is still much internal caution over Beijing 's dominance and potential trade imbalances, MIT 's Papas says.

Many BRICS members still maintain their friendly relations with the U.S. as a "crucial trade partner" Many members of the bloc still maintain friendly relations.

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Neutral language

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formal

Language

English

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not offensive

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not hateful