BRICS in Serious Trouble - Joe Blogs
India has just struck a major trade deal with the United States and the consequences could be devastating for Russia and the BRICS alliance.
Under the agreement, U.S. tariffs on Indian goods are cut to 18%, while India agrees to scale back and ultimately stop buying Russian oil, alongside lowering barriers to U.S. imports. On the surface, this looks like a trade deal. In reality, its a major geopolitical shift.
In this video, I break down the latest 12-month trade data, showing just how important the U.S. market is to India not just in revenue terms, but in jobs. Using the most up-to-date figures, exports to the U.S. now support around one million Indian jobs, compared with tens of thousands linked to exports to Russia.
We also look at:
The true scale of U.S.India trade (goods and services)
Why the U.S. accounts for nearly one-fifth of Indias total exports
How small Russias export relationship with India really is by comparison
What Indias pullback from Russian oil means for Russian revenues
Why this deal seriously undermines the idea of BRICS unity
And whether China or other BRICS members are stepping in to fill the gap
When you follow the money and the jobs Indias decision becomes very clear.
This isnt ideology. Its economics.
Chapters:
0:00 Intro
0:51 TRUMP
2:21 RUSSIA
3:46 VENEZUELA
4:30 MODI
5:58 BRICS
6:50 TRADE
8:16 EMPLOYMENT
10:39 BRICS
12:21 SUMMARY