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Global South Strikes Back: US Tariff Threats Turning BRICS Into Full-Fledged Economic Alliance
Global South Strikes Back: US Tariff Threats Turning BRICS Into Full-Fledged Economic Alliance
Sputnik Africa
Global South strikes back: US tariff threats turning BRICS into full-fledged economic alliance 08.08.2025, Sputnik Africa
2025-08-08T08:08+0200
2025-08-08T08:08+0200
2025-08-08T08:26+0200
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Global South strikes back: US tariff threats turning BRICS into full-fledged economic allianceBrazilian President Lula da Silva’s “explicit call for a collective BRICS response to the latest US tariffs underscores the alliance's increasing cohesion and political assertiveness on the global stage,” Hong Kong-based political and financial Angelo Giuliano told Sputnik, commenting on the bloc’s surprise new show of unity in rejecting Washington’s tariff threats.While details on specific countermeasures BRICS could take remain unclear, Giuliano can think of a whole series of steps, including:What’s more, the BRICS bloc didn’t arrive to this point overnight, the analyst stressed, pointing to the years the bloc spent on institution-building, and the growing collective economic power of its members, “amplified” even further by the recent expansion.US provocations, from the latest tariffs to the persistent use of sanctions, has served to “galvanize unity within the bloc.”US policymakers, who “significantly underestimated BRICS” for years and dismissing the bloc “as inherently fragmented and incapable of meaningful collective action,” are now finding out the hard way that this is no longer the case.
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Global South strikes back: US tariff threats turning BRICS into full-fledged economic alliance
Brazilian President Lula da Silva’s “explicit call for a collective BRICS response to the latest US tariffs underscores the alliance's increasing cohesion and political assertiveness on the global stage,” Hong Kong-based political and financial Angelo Giuliano told Sputnik, commenting on the bloc’s surprise new show of unity in rejecting Washington’s tariff threats.
While details on specific countermeasures BRICS could take remain unclear, Giuliano can think of a whole series of steps, including:
ramping up trade in local currencies;
“strengthening the operational capacity and lending power of the New Development Bank;
developing and promoting alternatives to SWIFT;
“mounting a coordinated challenge against US tariffs” through the WTO.
“Cumulatively, these steps could significantly undermine the US dollar’s global dominance,” weakening Washington economically and “eroding” the “geopolitical leverage” it derives from its financial primacy, Giuliano says.
What’s more, the BRICS bloc didn’t arrive to this point overnight, the analyst stressed, pointing to the years the bloc spent on institution-building, and the growing collective economic power of its members, “amplified” even further by the recent expansion.
US provocations, from the latest tariffs to the persistent use of sanctions, has served to “galvanize unity within the bloc.”
US policymakers, who “significantly underestimated BRICS” for years and dismissing the bloc “as inherently fragmented and incapable of meaningful collective action,” are now finding out the hard way that this is no longer the case.
