The hottest multilateral club doesn't include the US

最热门的多边俱乐部并未包含美国。

The Indicator from Planet Money

2025-07-29

9 分钟
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BRICS is an economic alliance of countries that includes Brazil, Russia, India, China, South Africa and several other nations. They met earlier this month to discuss everything from international law to global health. President Trump, however, is not a fan of BRICS and threatened members with increased tariffs. So why has this alliance generated so much animosity from the President? Today on the show, we talk to the economist who coined the term "BRICs" about the origins of the group and why the international economic organizations have been western dominated for so long. Related episodes: China's trade war perspective Is the US pushing countries towards China? For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy
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  • NPR Earlier this month, ten men in formal wear held hands by the shores of Rio de Janeiro.

  • Behind were plunging mountains and enormous white letters spelling BRICS, B-R-I-C-S.

  • These men were leaders and representatives of Brazil, Russia,

  • India, China, and South Africa, plus several other countries.

  • They were there for the 2025 BRICS summit.

  • Yeah, Indian Prime Minister Modi was there.

  • Brazilian President Lula in a red tie, looking very chiver.

  • The summit produced lofty words, of course.

  • Nice words about global health and international law.

  • and stern words for Israel and the US for their attacks on Iran,

  • and condemnation for Israel over the war in Gaza.

  • Back in the US, President Trump was seething.

  • At a cabinet meeting, he threatened members with an additional 10% tariff.

  • Because BRICS was set up to hurt us.

  • BRICS was set up to degenerate our dollar and take our dollar as the standard,

  • take it off as the standard.

  • So was BRICS set up as an anti-American project to replace the dollar in global reserves?

  • Jim O'Neill says that's a misunderstanding.

  • To me now, it's just idiotically blatantly obvious.

  • How can you solve truly global issues