China and Brazil are working on a bold new BRICS masterplan to help the Global South counter the US grip on trade and tariffs. The masterplan is to uplift the Global South and defy economic pressures stemming from the White House. The alliance is looking to strengthen strategic ties with emerging economies and band as a group despite their differences.

Washington’s relentless trade wars are making developing countries pursue local agendas to meet their goals and skirt Trump’s threats. The development gives the alliance more power to chase anti-US sentiments and take advantage of the growing discontent. Therefore, China and Brazil are at the forefront of the BRICS masterplan for the Global South.

Also Read: Historic BRICS Loan Worth $2 Billion in Yuan Disbursed to Australia

Bold New BRICS Masterplan For the Global South to Take Shape

The announcement could be made soon, along with the joint statement against US trade policies. BRICS economic aspirations are growing with ambitious masterplans of financial domination through a multicurrency world. The US dollar is what’s hindering their growth, and they are slowly ending dependency on the currency.

Trump has mostly remained silent since a week after threatening the 10-member bloc with tariffs. However, the upcoming BRICS masterplan for the Global South by China and Brazil remains under wraps. Most likely, the Xi Jinping administration could push the Chinese yuan as an alternative currency in the region. China is working towards internationalizing the yuan to make it an accessible alternative to the US dollar.

Also Read: Brazil Prepares BRICS Common Currency Reveal in Historic Shift

Emerging economies would likely stick with the BRICS masterplan for the Global South to counter the US. Even India, which distanced itself from China, is now seeking to maintain cordial ties with the Communist country. According to Bloomberg, Modi is looking to revive ties with China and resume talks and negotiate new trade deals and policies. India and China’s ties were strained in 2020 after the deadly 2020 border clash.