Indeed, and I think this is possible because BRICS is already a bigger trading bloc than G7. It’s also where most actual manufacturing happens. So, if the US continues its policy then US companies will end up in far more pain than the respective BRICS companies. Incidentally, it’s the same dynamic that we currently see playing out with sanctions on Russia where most of the pain is being felt in Europe.
Indeed, and I think this is possible because BRICS is already a bigger trading bloc than G7. It’s also where most actual manufacturing happens. So, if the US continues its policy then US companies will end up in far more pain than the respective BRICS companies. Incidentally, it’s the same dynamic that we currently see playing out with sanctions on Russia where most of the pain is being felt in Europe.