The ongoing friction between the West and the global South has been a driver of geopolitical concern for much of the year so far. With US President Donald Trump threatening 150% tariffs, that has now led to tensions within the economic alliance. Indeed, the BRICS bloc is reportedly now divided on ditching the US dollar as one key nation dissents.

The bloc has long believed in the importance of lessening reliance on the greenback. Throughout the last several years, those de-dollarization efforts have been embraced to encourage economic participation from developing nations. However, that pursuit is driving an increased divide in the bloc so far this year.

Also Read: BRICS Trade Agreement Looks to End the Petrodollar’s Dominance

BRICS to End De-Dollarization Efforts? One Nation Is Sticking Up For the US Dollar

The BRICS economic alliance has long been known for its anti-US dollar position. Indeed, the bloc has sought to challenge the weaponization of the global reserve asset by the Western power. Yet, with the return of Donald Trump, those actions are subjected to increased import taxes and aggressive economic policy.

Now, those efforts may be working, as Trump may have dissuaded the bloc from abandoning the currency. Specifically, the BRICS bloc is reportedly divided on ditching the US dollar, as one key nation has dissented in the process. A report notes that not all countries are in agreement over the prospect of promoting local currencies.

Also Read: BRICS: Nobody Will Trust the US Dollar Again

According to one report, India has stated it has “no interest” in initiating a US dollar replacement for BRICS trade settlements. Specifically, the alliance “has not formed a unified position” on de-dollarization proposals.

India’s foreign minister, Subrahmanyam Jaishankar, said the dollar was a “source of international economic stability.” Moreover, he said the country “has never had a problem” with the US dollar’s prominence. Additionally, he applauded its ongoing relations with the US while speaking hesitantly about Chinese cooperation.

The development certainly shows that the BRICS bloc is lacking any kind of unified front. Since 2023, they have initiated de-dollarization efforts. Its shifting stance now is likely connected to the US response under the new administration.