President-elect Donald Trump recently announced plans to impose a 100% tariff on imports from BRICS nations—Brazil, Russia, India, China, and South Africa—as well as their new members and partners, if they attempt to create or support a new currency designed to challenge the US dollar’s dominance. He further stressed that any country, not just BRICS members, pursuing such actions would face severe trade repercussions, including losing access to the US market (Reuters, December 1 2024). However, these bold statements appear less about instilling fear and more about reaffirming the reality that the reformation of the global order is accelerating—and everyone understands the steps that need to be taken.
Excluding the US population (approximately 350 million), the global population is estimated to be approximately 7.82 billion people, according to the latest estimates. This reflects a market size difference ratio of approximately 1:22.
