By Financial analyst Marc Fiorentino ironizes in his newsletter by imagining a future where Trump and Xi Jinping share a round of golf. However, the current situation is more like a game of bowling, where Trump seems determined to throw his ball for a strike by toppling the BRICS.
This is just the beginning of Trump's muscular game. As he awaits his inauguration, he has been expressing himself on the networks. The United States' neighbors will serve as an example. He has announced heavy taxes on Canada and Mexico, with tariffs of 25%. As for China, it will be subject to a further 10% increase on its exports to the US. The message is clear: either you're with Trump, or you're against him, and he'll decanal you without hesitation.
To avoid finding yourself in Trump's crosshairs, the rule is simple: no new currency and no support for a currency that could rival the dollar in international trade. With this strategy, the President wants to maintain control over the flow and value of the dollar, since the sovereign currency is a tool of commercial domination that also makes it possible to finance US debt at lower cost.
The BRICS have every interest in moving away from the dollar, in particular to reduce their dependence on the Western market, where the United States holds undue influence. Secondly, a common currency, similar to the euro, would enable them to circumvent economic sanctions while protecting their economies. It would also facilitate trade between members and encourage a multipolar financial system.
In this game of geopolitical bowling, it remains to be seen whether the BRICS will try to dodge the ball, or whether they'll all end up in the gutter.
