For those curious about what's up with BRICS, here's the scoop. At their recent summit in Brazil, they added a new full member Indonesia, and also welcomed 10 new nations as partners: Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan.
Looks like BRICS now accounts for about half of the world’s population and GDP.
11 new countries joined BRICS this week
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And this has made Trump very angry. As usual he has threatened the BRICS countries with additional tariff just for joining BRICS. Trump's attitude reminds me of the toxic bosses we have in our office. Where team members do not fight with him in the office because he got power, but if any day he is found alone in the road, will be trashed straight away.
Having a power balance is very much needed in today's world. Especially when UN is nothing but a puppet of US, the world needs more such associations.
quantumbearHero Member
Posts: 411 · Reputation: 2212
#3Apr 21, 2020, 07:25 AM
This is an old news.
Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan has been BRICS partner countries before this last summit. That was the time BRICS also welcomed Indonesia.
With Indonesia joining as a full member of BRICS and the addition of 10 partner countries, this is a reminder that BRICS is an organization that truly stands against the dominance of the western bloc, not just an organization of developing countries, but as a force that has a global position. Even at the last summit, the Brazilian president said that BRICS is the embodiment of the Bandung non-aligned movement, it clearly explains that now BRICS has stood as an organization to fight for a multipolar global order.
just_bridgeSenior Member
Posts: 160 · Reputation: 1146
#5Apr 22, 2020, 08:21 PM
Finally. I have been asking about the BRICS. Where they are in all of these happenings particularly economic happenings all over the world. Happy to know they held a meeting but to me it still means nothing until I see them do something. Most of these countries that are members are still dependent on the US dollar, they still have some trade restrictions between member nations. Let them show us some actions.
The idea is interesting and I dont doubt many countries wish for an alternative to exist to Dollar and US centred trade in the world but its very hard to actually establish anything. I believe there is also an asia based alternative to the IMF and who have their own backup currency should dollar fail but its still mostly the case IMF or dollar remains the majority of worth.
The desire to leave the dollar behind is because inflation is exported to all external users of the currency, far worse then the largest trading patterns but more remote trade suffers a weakened much diluted dollar standard that is not the value it should be having suffered over issuance of currency first before trade and use around the world.
Funny enough, his tariffs were one major reason why these countries finally joined BRICS. Most of them just want to watch and see what happens, but this seemed like a final blow. These countries just want to do business without so many complications, but the US make things more complicated.
The tariffs may not affect the big countries that much, but for developing countries, it will do more damage because they can't afford the extra cost, and their countries can make counter tariffs on the US, like China and Canada, because they will feel it more.
I don't fully buy into the gospel of BRICS, but I can understand why these countries would join them.
Trump: More tariffs to you people!
Xi: Hold my beer.
If this alliance will lessen the inflation that's happening due to the allegiance to BRICS. I hope to see that we'll have less to no war, less dramas in all continents of these members because that's the reason why things are becoming expensive. More cheap products from China to be supplied to these partners. And it's a slap to Trump's face that these countries will use RMB instead of USD.
humblefarmSenior Member
Posts: 378 · Reputation: 1571
#9Apr 23, 2020, 08:17 AM
I am pleased that the government of my country has become a partner this year. We have been aligning with the Western bloc for a long time, yet things are getting worse. The US and partners see my country only as a source of cheap raw materials.
Our biggest problem now is terrorism, and a US Congressman, Scott Perry, during a hearing in Congress, stated that US financial aid to Nigeria was indirectly used to finance terrorists, including Boko Haram, ISIS, and Al-Qaeda. It is obvious that our country has been destabilized to enable these foreign countries to acquire cheap raw materials. The world needs another global alliance and BRICS might be the alternative.
https://www.thisdaylive.com/2025/02/23/time-to-unmask-sponsors-of-boko-haram/?amp=1
I'm not a Nigerian, but it seems the US is indeed raping your country. If I'm not mistaken, ExxonMobil and Chevron have been drilling your lands for many decades to serve the needs of people somewhere else.
However, to despise this rapist nation shouldn't mean there's a need to accommodate another rapist country. To partner with another world superpower for the sake of balance might only mean inviting another rapist to take advantage of what you have.
China is burying you with debts. Worse, they're even bringing in their own people for works that should have been offered to the locals. Now, they're legally and illegally drilling for all kinds of stuff in your country.
I hope and pray that yours and my country will one day cease to be just mere playthings of these competing and greedy nations.
Trump will try to threaten anyone who dares to even think about joining BRICS and going against USA. Now, he has only implemented tariffs but later on... who knows what else will he do to maintain the us dollar's position. What I think, though is his illogical decisions regarding the tariffs may only drive the countries further and further away from him. If this continues, USA might be onto some humbling.
We know they will just go against each other anyway after they all collectively beat the US.
its_cipherSenior Member
Posts: 190 · Reputation: 1319
#12Apr 26, 2020, 01:59 AM
Import tariffs will not be paid by the seller (for example, China), but by the buyer, that is, the population of the United States. If it is not possible to include the tariff amount in the final price, the seller will simply stop the delivery (redirect the sale to other countries). Meanwhile, many goods cannot be replaced because in a post-industrial society there is simply no production of these goods. It is very difficult to quickly recreate the production.
The tariff is a clumsy attempt to reduce the national debt, in theory at the expense of importers, but in fact it will turn out to be at the expense of citizens of the United States. But most of the population lives on benefits from the state. Then what is the meaning of this fuss is unclear.
That is extremely funny because Vietnam was the first country in the whole world to bow to Trump's ridiculous demands. Even going against the advice of China!
Now they seem to be backtracking a bit. Or at least want to have a serious alternative in case their reliance on Trump's office proves to be a bad choice.
It seems that Trump just can't win this trade war. The US economy will contract as more states work together to eradicate their reliance on the US economy. Meanwhile the US has turned on long standing partners such as Japan and Korea to impose tariffs. How long would it be until these countries also realize they need their regional partners more.
I don't understand why any country should be willing to join BRICS. People of my country have lived in the Soviet Union and they know what was the life there. After the fall of Soviet Union, people managed to leave borders and go outside, to visit European countries. When they visited France, Germany, UK, Italy and other countries, they saw that the life was much better outside of the Soviet Union, so for this reason, many people hate the Soviet Union and Russia in my country but those who love it, they love it because they were young, could fly for a few bucks in Russia and hook up with beautiful Russian girls and they call it the life.
During the Soviet Union, people couldn't buy good clothes in my country, they were sold by jews and it was like a black market. You couldn't buy a TV if you weren't in government, rich or didn't have a connection with someone who was the boss of something great. You had the money, this is true, no one was dying in starvation during the Soviet Union but you couldn't buy anything besides simple food.
I've relatives in Russia and in Europe. Even those relatives, who adore Russia, left Russia and work in the USA, Germany, Sweden and other European countries because life is better in these countries. If any country thinks that life in their country will be better if they join Russia and China, good luck to them.
The way I understand it, back in previous years in the "old news" you are referring to, these countries were "invited" to join but they hadn't joined at the time whether as members or partners. That process takes time, and now one of them which is Indonesia has officially joined as a core member. The other 10 which were invited before, are now as partners.
There are others that are "invited" but never joined like Saudi Arabia (2023), Turkey (2024), Pakistan (2024), Bangladesh (2024) and are still considering it. Some others like Argentina (2023) and Algeria (2022) that were invited but rejected the invitation.
Initially I saw the country you mentioned above as a partner country in the position of BRICS, but now we see them joining members of BRICS.
If half of the country's population recorded in the United Nations has joined as a member of BRICS, YES, it is a sign that the world will break two waves of global economic blocks, this will affect the global economy as a whole, We can understand Uzbekistan, Kazakhstan, Thailand, Malaysia and others to be a place for tourist tiger, if Saudi Arabia, The United Arab Emirates are clear they have the biggest turnover of migrants and if the BRICS currency really applies like a dollar, yes maybe I don't know what happened.
nonce_sigmaFull Member
Posts: 117 · Reputation: 612
#17Apr 26, 2020, 05:35 PM
Yeah its a threat to the USD as the world reserve currency. Maybe not an imminent threat but as these countries gain strength & confidence, dealing with each other it definitely threatens the US. Trump does not like it, but BRICS is not going to go away, they are only going to have an increasing presence as time goes on.
The obsession of every American president is to strengthen the power of the dollar. And although it has long been untied from gold, the dollar has remained strong thanks to US policy, its business and ability to invest in other countries. And when Putin announced that BRICS would consider creating its own currency, it was the greatest threat to the dollar. Now, with the accession of the BRICS countries, this union is strengthening and Trump is afraid more than ever that under his rule the dollar will become much weaker on the world stage.
This is what I do not like about should I say Trump or the US, they claim to be a democratic nation yet act autocratic towards the decisions of other sovereign nations. When I first had about the news from one of our local broadcasting stations about Trumps reaction of a 10% additional increment or so towards those new (intending) members of the BRICS Summit I wasn't really sure if Trump do understands that the US needs other nations as much as they need the US to survive, because the US can't be an autarchy of itself in a modern world that is described as a global village.
SilentYieldSenior Member
Posts: 145 · Reputation: 1003
#20Apr 28, 2020, 04:46 PM
Our country, Indonesia, is one of them, becoming a full member of BRICS. We appreciate this because we have a non-aligned policy, allowing us to flexibly engage in profitable opportunities for economic collaboration.
Trump is furious and is targeting 32% tariffs on our country starting next August.
The more arrogant Trump is, the faster the world will abandon him. This is a mistake that will have long-term consequences for the US economy.
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