Trump's tariffs: A unique opportunity for BRICS and the Global South to fully escape from dollar tyranny

globinfo freexchange

 

Does Trump know what he is doing? Well, yes and no. While many interpretate his latest move, mostly as an attempt to halt China, his main goal is to give the final blow to the neoliberal order on behalf of his oligarchs. 

From this perspective, Trump's unprecedented decision to decide mass tariffs against almost everyone, was an act of strategic hit against the global free market neoliberalism, with the financial capital  at its top. And that's because this dominant-for-almost-half-century system, identifies restrictions and protectionism as major threats against its own existence.

In other words, Trump acted as a commander of the capitalist faction that wants to beat its neoliberal rivals and put itself in charge, through a new transformation of capitalism into a 21st century corporate feudalism.  

Concerning China, Trump's move may have some negative impact on its economy for a while, since China has chosen to partially play by the rules of the Western neoliberal system in order to benefit from it. However, the stupid US strategy of over-sanctioning countries that are considered a threat to the US global hegemony - among them China - pushed those countries to seek an alternative, accelerating their de-dollarization. 

This means that Trump's latest action is of very high risk, because it may boost further the de-dollarization process and trigger a new round of BRICS expansion. 

And this means that this is a unique opportunity for BRICS and the Global South to fully escape from dollar tyranny.
 

Such an unprecedented and extremely important development could mark the beginning of the end of the declining and morally bankrupt West. Therefore, the current global balance of power could be overthrown, through the replacement of the dominant West by a coalition of anti-imperialist powers that would be able to guarantee the unconditional implement of international law. 

 

So, don't be surprised if you see a big announcement by the BRICS together with many countries of the Global South, during the next weeks or months, as an answer to Trump's "Liberation Day" declaration.