06 August 2025: 16:30 BST
Day 1 of the BRICS Liberation Day! Many nations encompassing billions of people and at least twice the US GDP are finally showing some resolve and standing up to Trump. India is the most vocal leader, with Brazil not too far behind, while China has stated its independent position clearly from the very beginning. Trump pushed the new Tariffs on India, and well…he broke the US leadership position. Brent flat price plummeted from $69.17 all the way to $67.95 in just 11 minutes in the aftermath of the US poorly timed action. We hope you went short! Some will ask, why is this bearish? India published a statement saying, “India will take all actions necessary to protect its national interests”. This means the Russian supply is back on officially. But why “BRICS Liberation Day”? India this afternoon realised it’s over with the papa Trump, China is already shifting -now seeking global market share in its currency-, Brazil talking about a BRICS currency, and Russia has been waving to the US for the last 3 years from afar. See more in the details!
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