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unified BRICS currencyCNBC
•86% Informative
Donald Trump has pledged a 100% tariff against BRICS nations if they continue to undermine the U.S. dollar.
But the threat won't rein in the group's expansion, analysts tell CNBC .
Trump 's tariff threat is conditional on BRICS dethroning the dollar as the world's most widely used trade currency.
The bloc is still too loose and unorganized to create substantive change, analysts say.
There is still much internal caution over Beijing 's dominance and potential trade imbalances, MIT 's Papas says.
Many BRICS members still maintain their friendly relations with the U.S. as a "crucial trade partner" Many members of the bloc still maintain friendly relations.
VR Score
90
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90
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56
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formal
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English
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64
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