The ongoing tensions between the United States and the BRICS alliance have reached a fever pitch. With the world concerned about a burgeoning trade war, both sides seem no closer to any sort of resolution. However, a recent statement confirmed that the BRICS currency plan is officially no ore, but will US President Donald Trump lift his proposed tariffs?

During his campaign for re-election, Trump originally warned tariffs to dissuade the nation from embracing de-dollarization. He targeted the BRICS bloc specifically because they had so blatantly embraced the native currency settlement of their trade. Yet, with them confirming they are no longer a threat to the world’s currency, will Trump relent?

Also Read: BRICS: Trump Tariff to Trigger Economic Crisis and Diplomatic Disputes?

BRICS Currency Plan Confirmed to be Done, but Will Trump No Longer Target Alliance?

Donald Trump once said that the US dollar ceasing to be the world’s global reserve currency would be akin to the nation losing a war. That is what first placed the BRICS alliance in his crosshairs. For years, the nation has sought to implement its very own currency. Although never announced, the rumor had been present for much of 2024.

That caused the current US President to threaten significant tariffs on these nations. Specifically, he targeted those who would not commit to ensuring the status of the greenback. However, BRICS has officially confirmed its currency plan is no more, but will a Trump tariff also be rejected?

Also Read: BRICS: China Prepared for Trade War With US, Experts Say

Dimitry Peskov, a Russian spokesperson, recently confirmed that “the BRICS are not discussing the creation of a common currency.” Indeed, the statement looked to put to rest the popular rumor. Alternatively, Peskov confirmed that the bloc was simply focused on joint investment and economic cooperation.

The question is, how will Trump respond? He is already planning reciprocal tariffs to match those imposed by other countries. Additionally, China has already responded to its 25% tariff with a 10% import tax on the US. With these nations already deeply embedded in an ongoing trade war, it is difficult to imagine Donald Trump would end the policy before it truly was implemented.