As Trump threatens BRICS, it grows stronger, resisting US dollar and Western imperialism
Jul 10, 2025
Tensions rise as a former U.S. president claims BRICS is 'dead,' yet the coalition continues to expand, now representing 44% of global GDP and 56% of the world's population. Key discussions at the recent summit focused on dedollarization and strengthening trade ties among members using local currencies. With new leadership from countries like Vietnam and Cuba, BRICS is poised to challenge U.S. dollar dominance and promote a multipolar world. The growing resilience of this alliance highlights its significance in shaping the future of global economics.
45:45
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
BRICS Growth and Global Influence
BRICS has expanded to include 10 members and 10 partners many from the Global South.
Together they represent 44% of global GDP and 56% of the world population.
insights INSIGHT
US- BRICS Tensions Rise
Mexico, a top US trading partner, attended the 2025 BRICS summit signaling resistance to US pressure.
The US response includes threats of tariffs against BRICS countries.
insights INSIGHT
BRICS Challenges US Dollar Hegemony
BRICS is challenging US dominance by promoting de-dollarization and economic multipolarity.
Brazil's Lula criticized Trump's threats and rejected imperial dominance.
Get the Snipd Podcast app to discover more snips from this episode
US President Donald Trump has threatened heavy tariffs on BRICS, claiming the organization is "dead", but it is actually growing in size and influence. 10 members and 10 partners participated in the 2025 BRICS summit in Brazil, where they discussed plans for dedollarization, trade and investment in national currencies, and how to create a more multipolar global order. Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=SmR03QFdhfs
Topics
0:00 Trump attacks BRICS
0:25 (CLIP) Trump claims "BRICS is dead"
1:16 BRICS is growing
1:49 BRICS: 10 members & 10 partners
2:26 BRICS: 44% of global GDP (PPP)
2:41 BRICS: 56% of world population
2:55 Vietnam joins BRICS
3:27 Cuba joins BRICS
4:11 Mexico attends BRICS summit
4:58 Trump threatens tariffs on BRICS
6:07 Trump doesn't understand BRICS
6:21 (CLIP) Trump claims Spain is in BRICS
6:58 Lula: World doesn't want an "emperor"
8:03 Dedollarization
8:31 (CLIP) Trump threats to save US dollar
8:48 BRICS promotes dedollarization
9:54 Brazil challenges US dollar dominance
10:44 New Development Bank (NDB)
11:03 US meddling in Colombia
11:50 US-backed coup in Bolivia
13:01 US-backed judicial coup in Brazil
13:40 BRICS trade in local currencies
14:38 Dedollarization: slow and steady
15:29 Dedollarization in BRICS declaration
17:32 IMF alternative: Contingent Reserve Arrangement (CRA)
20:29 New international financial system
21:27 Vladimir Putin's speech
21:48 Why the absence of Xi Jinping and Putin?
23:31 Why Iran's president did not attend
24:22 China's view of BRICS
26:15 Goals of BRICS
27:03 Financial imperialism: the "reverse Marshall Plan"
30:28 Billionaire oligarchs
31:58 Malaysia PM Anwar Ibrahim
32:22 Non-Aligned Movement
33:37 (CLIP) BRICS inspired by Non-Aligned Movement
35:02 (CLIP) Malaysia PM on de-dollarization
35:44 Bandung Conference
36:46 (CLIP) Malaysia PM: BRICS follows Bandung
37:27 Decolonization and multipolarity
39:57 NATO militarization and warmongering
40:32 Climate change
41:17 Palestine and Iran
41:57 Multilateralism under attack by USA
42:50 Imperialism vs democracy
43:27 Capitalist oligarchy
43:43 Trump: symbol of US imperialism
44:28 Meaning of BRICS
45:14 Outro
Geopolitical Economy Report