- The leaders of Brazil, India, China, Russia and South Africa have banded together against US president Donald Trump
- Trump’s current policies have been widely criticised as being isolationist and destroying trade between countries
- The leaders of BRICS have vowed to establish a new world order
The leaders of Brazil, Russia, India, China and South Africa (BRICS) have banded together against US president Donald Trump and his isolationist policies which have caused tension in the geopolitical arena.
Trump has in recent times looked hell-bent on destroying historical alliances, dismantling trade deals, pulling out of international agreements and has even attacked institutions such as the United Nations (UN) and NATO.
The leaders of the BRICS bloc have come to an agreement to reject Trump’s divisive policies which seem intent of sowing the seeds of discord between various nations and instead have vowed to establish a new world order.
Briefly.co.za gathered that the bloc has committed itself to promoting fair trade, strengthening ties with historical allies and finding new relationships while rejecting protectionist and unilateral policies.
China has arguably become the world leader in several areas where the US once took the lead but has under the Trump administration either scaled back or withdrawn.
IOL.co.za reported that some of these areas include the Paris climate change accord, the Iran nuclear agreement, the UN Human Rights Commission and a long (and seemingly growing) list of trade deals
South African steel exporters have been hit hard by Trump’s ongoing trade war with China and the world economy at large is suffering because of this policy. Some economists have even warned that the trade war could lead to a global recession on the scale of the Great Depression of the 1930’s.
The bloc has made strides to ensure closer cooperation between member nations during its 10th annual summit which is currently taking place in Sandton, Johannesburg.
China’s President Xi Jinping said the international community as a whole needed to come together to form a new type of international community which valued friendship and works towards strengthening unity.
The BRICS Development Bank is providing a symbolic threat to the dominance of the US Dollar as the global currency of choice because of it issues loans to member countries in their own local currency.
The bank also allows for member nations to fund projects through alternative means and lessens their reliance on investments from the United States.
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