U.S President Donald Trump has found a new target for its Tariff wars-BRICS.

To make the dollar great again, President Trump has announced that he would be imposing a 100% tariff on imports from any country adopting the BRICS currency. If enacted, it would double the cost of imported goods in the U.S., hence disrupting the trade and glocal economics dynamics.

This policy is primarily targeted at China,the world's largest exporter, though all BRICS nations would feel the effects. And President Trump is making his objective very clear: To deter any shift away from the U.S dollar in international trade, reinforcing its position as the global reserve currency.

Since his ascent to the "throne", Donald Trump has been constantly using his economic power to coerce and threaten many countries to maintain U.S financial dominance while creating room for diplomatic maneuvering. Just last week, Trump imposed a tariff on Canada and Mexico to curb the inflow of fentanyl into the country.

This time, President Trump is turning his crosshair to the BRICS bloc.

A Secret Tripartite Relation between the U.S, China and Russia

Interestingly, there are reports that despite the exterior of hostility and competition between China, Russia and the United States of America, the three countries are actually secretly in cahoots with one another.

It is rumoured that the Russian President Vladimir Putin is allegedly open to restoring the dollar's role in exchange for the lifting of sanctions against Russia.

Russia's pragmatic approach of cuddling up with the U.S also reflects its view of the U.S being a wounded wild beast that should be accompanied rather than confronted directly. This would also mean that Russia and China would have to temporarily accept the dominance of the dollar while waiting for the natural evolution of the balance of power.

Solving the country's debt crisis

This strategy unfolds amid the backdrop of America’s soaring national debt, projected to reach $37 trillion by early 2025. With debt increasing by $1 trillion every few months, maintaining the dollar’s supremacy remains critical for financing the U.S. deficit.

BRICS nations, acutely aware of this vulnerability, have been accumulating vast gold reserves. China, in particular, is executing a discreet yet aggressive gold acquisition strategy, keeping its actual holdings undisclosed.

The BRICS bloc is advancing efforts to develop an alternative to SWIFT, led by China. This new system would enable secure, independent financial transactions beyond U.S. control.

A potential BRICS currency could be backed by a basket of strategic assets, including gold, rare earth metals, and other key resources—an approach fundamentally different from the dollar, which relies on global trust in the U.S. economy.

China’s plan to create an alternative financial structure

China is also strengthening its financial infrastructure. Its alternative payment system is already operational and widely used by Russia, laying the groundwork for a broader monetary shift. Additionally, blockchain technology could play a pivotal role in facilitating secure, near-instantaneous transactions outside dollar-dominated networks.

Trump’s dual-pronged approach—publicly threatening severe economic penalties while engaging in covert diplomatic negotiations—illustrates the complexity of global monetary power struggles.

The ultimate outcome will depend on America’s ability to manage its debt crisis while maintaining dollar hegemony. Meanwhile, the BRICS nations may accept short-term dollar reliance while steadily building a foundation for an alternative financial order.