How Trump Has Fuelled the Resurgence of BRICS

Source: Deccan Chronicle | Original Published At: 2026-09-13 17:06:13 UTC

Key Points

• The New Delhi BRICS summit and the BRICS finance ministers’ Mumbai statement criticized unilateral trade and finance actions, including tariffs and non-tariff measures, as inconsistent with WTO rules.
• BRICS finance ministers agreed to explore the potential for cross-border payments in local currencies under the theme of resilience, innovation, cooperation, and sustainability.
• The article argues that US sanctions and trade pressure have revived BRICS by uniting member economies against a dominant global power.
• BRICS is described as evolving from a talk forum of emerging economies into an institutional grouping with mechanisms such as the New Development Bank.
• The piece notes China’s large economy gives it a dominant role within BRICS, while comparing this to US dominance in the G7, NATO, and international financial institutions.
• The expanded BRICS membership is presented as a grouping whose members, including Iran, Indonesia, and Saudi Arabia, have been affected by US economic pressure.