Why is Trump uneasy about BRICS’ grip on global oil, gold, economy, and food?

Source: Aaj Tak | Original Published At: 2025-12-24 11:17:46 UTC

Key Points

• BRICS countries produce 42% of global crude oil, including major producers like Saudi Arabia, Russia, and UAE
• BRICS holds 20% of global gold reserves with China and Russia's central banks storing 14% combined
• BRICS economies represent 29% of global GDP, with India, China, Brazil, and Russia in top 11 economies
• The bloc accounts for nearly half of global food production, with China (24%) and India (12%) as major contributors
• Trump threatened 100% tariffs on BRICS countries, prompting increased intra-bloc trade and cooperation
• BRICS has over 40 active programs to boost cooperation in finance, agriculture, industry, and technology