# New World Order

By [DYLIT Chronicles](https://dylit.info/user/dylitmediabuzz)

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BRICS Flags Unilateral Tariffs as a Global Risk: What It Means for the US and Its Allies What BRICS actually said At their joint statement issued from Mumbai on September 10, ahead of the 18th BRICS Summit in New Delhi, finance ministers and central bank governors from the 11-member bloc raised "serious concerns" about countries imposing tariffs and trade measures unilaterally, meaning without multilateral agreement or WTO backing. Unilateral tariffs are import taxes one country sets on its own terms, often as leverage in a dispute rather than through a negotiated deal. Non-tariff barriers do similar damage through quotas, licensing rules, or standards that quietly block imports. BRICS argues these measures distort trade, break WTO rules, and hit emerging markets hardest, even as the bloc insists its own economies have stayed resilient through the pressure. Why it matters geopolitically The statement doesn't name the United States, but its target is clear enough. It reflects a wider contest over who gets to write the rules of global trade. BRICS now spans Brazil, Russia, India, China, South Africa, and six newer members, together representing a huge share of world population and output. By defending the WTO and pushing to reform the IMF and World Bank, the bloc casts itself as guardian of a rules-based order it says Washington is undermining, while quietly building parallel tools: local-currency settlement, cross-border payment systems, and its own New Development Bank. This isn't a rival bloc with shared tariffs or a common currency. It's a hedge, one that gives members room to maneuver between the US and China without fully picking a side. Impact on the United States and its allies For the US, the statement won't force an immediate change in tariff policy, but it signals growing coordination among major emerging economies against Washington's approach. That could complicate future negotiations and nudge some BRICS members toward deepening trade with each other instead. Allies like the EU, UK, Japan, South Korea, Canada, and Australia face a trickier squeeze. Many are dealing with their own US tariff pressure while still depending heavily on China and India as markets and supply chain partners. That combination is pushing allied governments to diversify trade relationships, pursue new bilateral deals, and lean on the WTO's dispute system even though it remains partly paralyzed. The EU, for instance, has paired tough tariff talks with Washington with separate outreach to India and Southeast Asian economies, a sign of hedging rather than firm alignment with either camp. What comes next None of this settles the underlying disagreements. The New Delhi summit is expected to keep pushing local-currency trade and institutional reform, while Washington has warned of extra tariffs on countries it sees as aligning with BRICS. For allied governments, the practical response so far looks less like confrontation and more like quiet diversification, keeping ties with the US intact while building options elsewhere. Sources https://www.business-standard.com/economy/news/brics-flags-unilateral-tariffs-trade-barriers-as-global-risks-126091101298_1.html https://www.cnbcafrica.com/2026/brics-finance-chiefs-urge-reform-of-global-development-financial-institutions Related YouTube videos https://www.youtube.com/watch?v=6YbOVcsscRo https://www.youtube.com/watch?v=D3fr6YU3SKA
