crypto for all
Join
A
A

BRICS In Focus : How Trump Plans To Shift Global Power

Sun 17 Nov 2024 ▪ 4 min read ▪ by Luc Jose A.
Getting informed Regulation

In a rapidly changing multipolar world, the strategies of major powers shape economic and political balances. Analyst Boris Mezhuyev, during a debate in Moscow, revealed a potential axis of Donald Trump’s future foreign policy: to directly confront the BRICS. This strategic repositioning could profoundly redefine global alliances and impact key sectors, including finance and cryptocurrencies.

Une scène ressemblant à un ring de boxe. À gauche, une représentation des BRICS (mascotte ou drapeaux). À droite, un personnage caricaturé inspiré de Trump, prêt à se battre.

Trump’s Vision in the Face of Multipolarity

During a debate organized in Moscow by the Scientific Information Institute for Social Sciences of the Russian Academy of Sciences, Boris Mezhuyev, a political scientist within the organization, described what he sees as a central axis of Donald Trump’s future strategy. “I think Trump’s main adversary will be neither Russia nor China, but the BRICS,” he stated. Moreover, he emphasizes Trump’s likely intent to destabilize this coalition. Unlike the Biden administration’s approach, which focuses on strengthening collective Western powers, Trump would aim to dismantle this emerging multipolar order with “greater determination and effectiveness,” according to Mezhuyev.

Such a strategy, according to the analyst, would diverge from current geopolitical priorities such as the conflict in Ukraine. “Ukraine will not be a priority,” he clarified. Instead, American efforts might focus on areas like Latin America and Southeast Asia, where Trump would seek to reduce Chinese influence and divide BRICS members by exploiting their divergent interests.

A Global Repercussion and Challenges for De-dollarization

This strategy could significantly impact the global economy, particularly the alliance’s ambitions regarding de-dollarization. With projects like the creation of a common currency to reduce dependence on the dollar, BRICS members could see their initiatives compromised. By targeting countries like Brazil or through exacerbating tensions between China, India, and Russia, the United States would seek to fragment their various efforts. This raises questions about the future of financial cooperation within this bloc.

Furthermore, the implications for the crypto sector should not be overlooked. BRICS members, particularly China and Russia, have actively explored blockchain solutions to circumvent economic sanctions and strengthen their financial independence. A division within the bloc could slow these initiatives and consolidate the United States’ dominance over international financial transactions, including cryptocurrencies.

If the strategy envisaged by Trump were to materialize, it could deal a severe blow to the unity of the BRICS and hinder its ambitions on the global stage. However, this risky approach could also push these nations to accelerate their efforts to build more resilient alternative systems, particularly in the field of cryptocurrencies. The outcome of this geopolitical battle will determine whether the world continues to move towards true multipolarity or reverts to a strengthened unipolar dominance of the United States.

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.



Join the program
A
A
Luc Jose A. avatar
Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.