Jeffrey Sachs Criticizes Trump’s Approach to BRICS Expansion and De-dollarization

Source: Business Today | Original Published At: 2025-11-27 07:55:26 UTC

Key Points

• Jeffrey Sachs argues US power is declining as BRICS nations (46% global population, 41% GDP) assert independence from US-dominated institutions
• Highlights BRICS' rejection of US 'imperial' pressure through tariff disputes and alternative payment systems
• Notes physical proximity of US institutions (White House, IMF, World Bank) enabling rapid geopolitical decision-making
• Cites China-US chip/rare earth dispute as evidence of US industrial vulnerabilities
• Discusses Trump's threats against BRICS currency initiatives under 'America First' policy