By imposing significant tariffs on India, the United States is unintentionally bolstering the BRICS alliance, which already holds a larger portion of global GDP compared to the G7 and represents about half of the world’s population, according to American economist Richard Wolff.
Wolff argued that the US trade policies, particularly prominent during the Trump administration, could be viewed as a form of “economic warfare” that may potentially drive India closer to Russia and China, two other prominent members of the BRICS group.
He noted that the economic implications of these tariffs extend beyond the immediate trade consequences, as they could have geopolitical ramifications that affect the balance of power among major global economies.
The escalating trade tensions between the US and India are seen as a strategic move by the US that inadvertently serves to reinforce the BRICS alliance, potentially altering the dynamics of the global economic landscape.
As India faces mounting pressure from the US through tariffs, it may seek to strengthen its ties with Russia and China within the BRICS framework, leading to a shift in economic alliances and trade relationships across the region.
Overall, the imposition of high tariffs on India by the US is viewed by Wolff as a catalyst for transforming BRICS into a more significant economic player on the world stage, potentially reshaping the existing power structures in international trade.”
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