Over the years, BRICS countries have marked their footprints on the world economy through increasing population rates, GDP growth and large control over energy resources. The development of these countries has resulted in a massive transformation to BRICS+, which involves partnerships across 13 other emerging countries, strengthening their presence globally. During the 16th BRICS summit in Kazan, de-dollarisation efforts were much more emphasised with the proposal of an alternative international payment system which could potentially weaken the political power of the United States and the reliance towards the U.S. dollar for international trade alongside reserves.

However, with Donald Trump being elected as the 47th President of the United States, there might be a different ending to the story. At one of his rallies in September, he vowed to keep the dollar as the global reserve currency up to the extent of implementing huge tariffs towards countries that are trying to de-dollarize. Given Trump’s past presidential period, it is no surprise that he will use tariffs on imports and foreign goods to promote the production of U.S. goods. This could cause adverse economic conditions for the U.S. main trading partners, including China and India which are the leading countries within BRICS. Will the return of Trump be able to put a halt on the BRICS de-dollarisation scheme?