Trump’s 78‑day cascade of abductions, assassinations, tariffs, and an unauthorized war has shattered what remained of the post‑1945 rules‑based order. With the UN Charter sidelined and sovereignty treated as optional, the Global South bears the brunt — from tariffs to aid cuts to oil shocks — as a multipolar, power‑driven world accelerates into view.
Trump’s Iran war has triggered oil shocks, inflation pressure, and market turmoil, briefly lifting the dollar while undermining trust in the system behind it. Supply‑chain hits, Fed turmoil, and sanctions whiplash deepen global doubts. China, Russia, and energy importers are accelerating moves away from dollar dependence — a shift the crisis may harden.
The global economy is now fully multipolar in production and consumption, yet its financial backbone still runs through a single national currency. That mismatch — a 21st‑century world running on 1944 plumbing — is what BRICS is trying to correct. Not by dethroning the dollar with the renminbi, but by building a neutral clearing system that avoids the trap of replacing one hegemon with another.
