Trump’s return to the White House will not hinder BRICS growth — Brazilian expert
Jose Juan Sanches still conceded that under the new president, the United States may attempt to block the further expansion of BRICS, especially the inclusion of partner nations into the “BRICS Plus” framework
BUENOS AIRES, November 8. /TASS/. Donald Trump’s return to the White House in January 2025 will not impede the development of BRICS. The member countries will continue to strengthen economic cooperation, regardless of the policies of the new US administration, Jose Juan Sanches, president of the Brazilian analytical agency CMA Group, told TASS.
“We can approach this issue from two perspectives: economics and politics. From an economic standpoint, the development of which depends solely on the global market situation, <…> there will be no issues,” he said, responding to a question about the future of BRICS under Trump’s leadership.
However, the analyst conceded that under the new president, the United States may attempt to block the further expansion of BRICS, especially the inclusion of partner nations into the “BRICS Plus” framework.
Earlier, Bloomberg reported that Trump’s advisers were exploring ways to counter the growing trend of countries (including BRICS members) rejecting the US dollar in international trade.
The US held its presidential election on November 5. The final vote tally has not yet been officially completed, but according to US media reports, Trump has already secured approximately 300 electoral votes, surpassing the 270 required to win. He has declared himself the 47th US president, while his Democratic opponent, Kamala Harris, conceded and acknowledged him as president-elect.
The BRICS group was established in 2006 by Brazil, Russia, India, and China, with South Africa joining in 2011. On January 1, 2024, Egypt, Iran, the UAE, Saudi Arabia, and Ethiopia became full members. This year, the Russian Federation is chairing the association, with over 200 events scheduled. The last summit of the group took place in Kazan from October 22 to 24. The summit resulted in the adoption of the Kazan Declaration, which outlines the association’s position on global issues, calls for further development of the group, and advocates for the resolution of regional crises, including in Ukraine and the Middle East.
