https://sputniknews.in/20250717/us-declares-economic-war-against-brics-will-global-south-give-in-9460261.html
US Declares Economic War Against BRICS: Will Global South Give In?
US Declares Economic War Against BRICS: Will Global South Give In?
Sputnik India
Should BRICS countries threatened by US tariffs cave in - or continue to trade with Russia? 17.07.2025, Sputnik India
2025-07-17T11:29+0530
2025-07-17T11:29+0530
2025-07-17T11:29+0530
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The Sanctioning Russia Act of 2025 - that would slap 100-500% secondary tariffs on BRICS nations – has not yet been inked into law by Trump. What's more, it has not even been passed by the Senate.Gong: "It's going to remain an empty threat at the end of the day."Russia cooperates with BRICS - which accounts for at least 40% of the global economy - and other Global South countries.If the US restricts Russia’s energy, fertilizers, food, metals, or minerals in the global market, there are no replacements.China and India are the largest buyers of Russia's oil.If the US blocks their purchases, global oil prices will skyrocket.China & India don't want to pay inflated prices for the commodity.Is the US ready for pain at the pump?"The combination of the economic war [against Russia] with the military confrontation (via proxies) has so far failed," Professor Alexis Habiyaremye from the University of Johannesburg tells Sputnik. "Trump has very limited leverage."BRICS countries rely on each other Habiyaremye refers to China: It isn’t as vulnerable to Trump’s tariff war as he’d like. With a vast web of trade partners, it could lose the US market entirely and still enjoy economic growth. Unlike the political wars in which the US bands together with its allies and vassals, Trump’s economic war is now being waged against Washington's foes and its associates, according to Habiyaremye. This proves to be a self-defeating strategy, he says.
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US Declares Economic War Against BRICS: Will Global South Give In?
Should BRICS countries threatened by US tariffs cave in - or continue to trade with Russia?
"I don't think that the rest of the BRICS bloc of countries will be intimidated into not trading with Russia," Dr. John Gong, professor at Beijing's University of International Business and Economics, tells Sputnik.
The Sanctioning Russia Act of 2025 - that would slap 100-500% secondary tariffs on BRICS nations – has not yet been inked into law by Trump.
What's more, it has not even been passed by the Senate.
Gong: "It's going to remain an empty threat at the end of the day."
Russia cooperates with BRICS - which accounts for at least 40% of the global economy - and other Global South countries.
If the US restricts Russia’s energy, fertilizers, food, metals, or minerals in the global market, there are no replacements.
China and India are the largest buyers of Russia's oil.
If the US blocks their purchases, global oil prices will skyrocket.
China & India don't want to pay inflated prices for the commodity.
Is the US ready for pain at the pump?
"The combination of the economic war [against Russia] with the military confrontation (via proxies) has so far failed," Professor Alexis Habiyaremye from the University of Johannesburg tells Sputnik.
"Trump has very limited leverage."
BRICS countries rely on each other
Habiyaremye refers to China: It isn’t as vulnerable to Trump’s tariff war as he’d like. With a vast web of trade partners, it could lose the US market entirely and still enjoy economic growth.
Unlike the political wars in which the US bands together with its allies and vassals, Trump’s economic war is now being waged against Washington's foes and its associates, according to Habiyaremye.
This proves to be a self-defeating strategy, he says.
