BRICS Was Supposed to Challenge the Dollar—So What Happened? The BRICS nations—Brazil, Russia, India, China, and South Africa—were built on one shared goal: dismantling U.S. economic hegemony. That meant reducing dependency on the dollar and forging new trade alliances that favored local currencies and alternative financial systems. But something’s changed. With Donald Trump back in office and threatening 150% tariffs, cracks in the de-dollarization movement are starting to show. Reports now confirm that India has outright refused to push for a full-fledged alternative to the dollar within BRICS trade settlements. Indian Foreign Minister Subrahmanyam Jaishankar made his position crystal clear: India has “no interest” in replacing the U.S. dollar and even called it a “source of international economic stability.” That’s…
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