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Amid increased geopolitical uncertainty, the BRICS alliance is taking action, as the bloc has launched an initiative for an international payment system. Indeed, Russian foreign minister Sergey Lavrov has announced the efforts for the bloc to create a payment system that rivals the Western-dominated SWIFT in a recent statement. The efforts come as a global trade war appears to be inching closer. China, one of the original BRICS countries, is caught in a battle of increased tariffs with the United States that may soon create even more divide and disdain between the West and the Global South. JUST IN: Russian Foreign Minister Sergey Lavrov says BRICS is exploring the creation of a new payments platform. pic.twitter.com/v6buM08lmo — BRICS News (@BRICSinfo) April 11, 2025 Also Read: BRICS: US Dollar Is Now an Unreliable Currency, Say Analysts BRICS Launching New Payment System Initiative Amid Rising Global Tensions The global economy has seen tension increase over the last two weeks. Speci...

The rising tensions between the West and the global South have driven growing geopolitical concerns. With economies preparing for the worst, the BRICS bloc has made a major announcement regarding the US dollar amid President Donald Trump’s 100% tariff warning. During his most recent tirade targeting the alliance, Trump proclaimed that “BRICS is dead.” He noted that the nation seeking to lead a de-dollarization trend in the global economy would face unprecedented import taxes. Now, the bloc has responded, and it could give insight into how far this conflict will go. Source: NY Post Also Read: Trump Threatens Trade War: Warns of 100% Tariffs on BRICS BRICS Speak Up on US Dollar as Trump Tariff Looms Large Less than two months into his second nonconsecutive term as US President, Donald Trump has made his efforts to preserve the dollar one of his most important missions. That is clearly seen in the action he has taken against the BRICS alliance. The group has sought to les...