US Tariffs on BRICS Could Deepen Global De-Dollarization Trend, Economist Warns

CN
5 hours ago

Mounting economic divergence between major global powers is accelerating the shift toward a multipolar trade system and eroding traditional dollar-centric influence. Economist Igbal Guliyev of MGIMO University warned on July 10 that a planned 10% tariff on BRICS nations—announced recently by U.S. President Donald Trump—could severely damage Washington’s long-term economic leadership. Speaking to Russian news agency Tass, Guliyev described BRICS as already laying the groundwork for structural alternatives:

The BRICS countries are rapidly forming a parallel architecture in the financial, technological and institutional areas, thereby challenging the existing status quo and the dominance of the dollar.

He called the tariff plan a sign of broader geopolitical recalibration, not simply a trade dispute.

Rather than isolating BRICS, Guliyev believes the U.S. proposal will likely catalyze a coordinated and future-oriented counterstrategy. He stated: “The reaction of the BRICS countries will probably be not only tit-for-tat, but also strategically thought out – from accelerating de-dollarization to creating a new system of international settlements. This may mark the beginning of the decline of American economic dominance and the emergence of a truly multipolar trading system. The world is entering a period of turbulence, where non-economic factors will increasingly determine the economic future.”

According to him, these shifts are already underway, with China publicly denouncing the proposed tariffs as economic coercion and BRICS members stepping up efforts to bypass Western-controlled systems like SWIFT.

At a separate press conference, Russian Deputy Foreign Minister Sergey Ryabkov pushed back against the idea that BRICS has anti-U.S. intentions. “Nothing on the BRICS agenda contains an anti-American component,” Ryabkov said, adding that economic tensions should be addressed through “normal, calm dialogue” rather than unilateral threats. He urged Washington to engage diplomatically instead of using coercive trade policies.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

注册返20%
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink