Why BRICS’ grip on global oil, gold, economy and food worries Trump

Source: India Today | Original Published At: 2025-12-24 10:37:12 UTC

Key Points

• BRICS nations produced 42% of global oil in 2024, with potential for growth if sanctions are lifted
• Collective BRICS gold reserves account for 20% of global central bank holdings, with China and Russia holding 14%
• BRICS economies represented 29% of global GDP in 2024, with expanding cooperation across 40+ sectors
• China and India produce 24% and 12% of global food respectively, giving BRICS significant food security leverage
• Trump's threatened 100% tariffs on BRICS nations reflect US concerns about the bloc's growing economic influence