India, Feb. 22 -- The recent tariff threats by President Trump against BRICS nations have sparked significant discussions on the future of global trade and economic multipolarity. The imposition of 100% tariffs on BRICS exports to the United States (US) is framed as a measure to deter de-dollarization efforts, yet it may accelerate the very process it seeks to prevent. Given that BRICS nations account for nearly 55% of the world's population and 45% of global Gross Domestic Product (GDP), their decoupling from the US economy could have substantial long-term consequences.

The US, which once dominated global trade, now accounts for approximately 15% of world trade, a decline from 20% in 2018. This decreasing significance weakens the impact...