U.S. policy towards BRICS and its founding members, such as China, Russia, India, and Brazil is informed by the national security dynamics and the nation-building agenda of the Trump.
Administration. It reflects on the topic of trade and the instrumentation that curates the scheme of industrial manufacturing, the global value-added chains and the logistics that power it – and the capital flows of multinational corporations that design the overall system.
Announced efforts by BRICS in terms of intra-block trade coordination and collective design on the use of resources and other inputs in reorganizing high-value trade flows add to the “stick-and-carrot” negotiation tactics of the US, but will hardly change the nature of the diverging multi-polar leaning world.
Ergo, the announced new measures are effectively a warning to emerging economies from meddling with the grand design of the tariff-heavy plan to balance the scales of trade deficit –
In our memo, we focus specifically on President Trump’s threat of tariffs against the economic alliance, setting aside the intricacies of the individual relationships of the aforementioned countries and the United States.