President Donald Trump’s tariff salvo aimed at some of the BRICS economies is in danger badly of backfiring on US interests by driving the more moderate members of the world’s leading emerging economies into the anti-Western Sino-Russian alliance
The war in Sudan is “far and away the largest hunger and displacement crisis in the world right now,” said Oxford Analytica Africa analyst.
BRICS has evolved from an emerging economies club into a coalition Trump sees as threatening enough to warrant tariffs. Experts reveal tensions between China's dominance and multipolar goals, with institutional gaps but growing Global South support.
At the Bogotá summit, the Global South takes charge – no longer waiting for Western permission to enforce international law. From South Africa’s ICJ case to Colombia cutting ties with Israel, countries are defying US pressure over Gaza.
Brazil's upcoming BRICS summit exposes the bloc's growing pains as 21 members wrestle with deep divisions. The group's ambitious challenge to US financial dominance hits reality as internal disagreements threaten its push for global clout.
The threat of escalating conflict between Israel and Iran has returned geopolitical risk to the heart of the global oil market. Yet according to Oxford Economics, the macroeconomic fallout – even in the most extreme case – may be mild.