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Trump Threatens 10% Tariff on BRICS Members and Allies, Drawing Sharp Rebuke from Brazil’s Lula and Unease Across Global South

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U.S. President Donald Trump ignited international uproar on Sunday after vowing to slap punitive tariffs on countries aligned with the BRICS bloc, a group of emerging economies that has increasingly positioned itself as a counterweight to U.S.-led global economic structures.

The warning, issued in a post on Trump’s Truth Social account, stated: “Any country aligning itself with the anti-American policies of BRICS will be charged an ADDITIONAL 10% tariff. There will be no exceptions to this policy.”

The threat came just hours before the conclusion of the BRICS leaders’ summit in Rio de Janeiro and sent immediate shockwaves across the diplomatic landscape, especially among members and aspiring members of the bloc.

At a post-summit press conference, Brazilian President Luiz Inácio Lula da Silva, host of this year’s BRICS gathering, issued a blistering response, accusing Trump of behaving like a global emperor and warning that such economic intimidation was out of step with the current world order.

“I don’t think it’s very responsible and serious for a president … of a country the size of the U.S. to threaten the world over the internet – it’s not right,” Lula said. “The world has changed. We don’t want an emperor.”

Lula stressed that BRICS countries are sovereign and have the same right as the United States to determine their own trade policies and partnerships. “People need to understand that respect is good – we like to give it, and we like to get it in return,” he added.

BRICS as a Symbol of the Global South’s Rise

Trump’s tariff warning comes amid the bloc’s rapid expansion and growing influence. BRICS—originally comprised of Brazil, Russia, India, China, and South Africa—has in 2025 expanded to include Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates, making the group a more potent coalition of economies outside the Western orbit.

Despite internal differences, the bloc used this year’s summit to present a united front, releasing a joint declaration denouncing “unilateralism, protectionism, and illegal military interventions.” While the statement did not explicitly name the United States, Trump interpreted it as a veiled attack on American interests.

In recent months, BRICS has gained momentum around efforts to reduce dependence on the U.S. dollar. The bloc has been encouraging trade in local currencies—a process widely viewed as the first step toward “de-dollarization.” This initiative, which Trump previously dismissed as futile, has now drawn his ire.

Earlier this year, he declared BRICS “dead” and warned of 100% tariffs against member countries should they persist in pursuing dollar alternatives.

While BRICS, as an organization, did not issue an official response to Trump’s statement, individual members responded cautiously but firmly.

China’s Foreign Ministry reiterated that BRICS “is not a bloc for confrontation, nor does it target any country.” Spokeswoman Mao Ning added, “Trade war and tariff war have no winners, and protectionism leads nowhere.”

Russia’s presidential spokesman Dmitry Peskov acknowledged Trump’s remarks had been “noticed,” according to Russian state media, but stopped short of offering detailed commentary.

The relative silence from the broader bloc reflects what analysts describe as a strategic effort not to escalate tensions unnecessarily — particularly as many BRICS members, including India, China, and Indonesia, are still engaged in active bilateral trade negotiations with the U.S.

Despite the muted institutional response, Lula suggested Trump’s rhetoric reflected anxiety over BRICS’ rising global profile.

“Some people are getting nervous because BRICS is growing stronger and giving a voice to the Global South,” Lula said.

In a symbolic show of unity, Lula hosted a group photo on Monday that featured not only the 10 full BRICS members but also UN Secretary-General António Guterres, WHO Director-General Tedros Adhanom, and the presidents of Chile, Uruguay, Uganda, and Bolivia, all seen as sympathetic to BRICS or considering closer engagement.

Trump’s Words Stir Global South Calculations

According to Farwa Aamer of the Asia Society, Trump’s posture could complicate decisions for Global South countries weighing whether to align more closely with BRICS.

“Trump’s posture could deter some countries from joining any time soon, especially those looking to maintain stable ties with the U.S.,” Aamer said, adding that most would likely adopt a “wait-and-see approach” rather than engage in open confrontation.

Gustavo de Carvalho of the South African Institute of International Affairs agreed, noting that Trump’s threat “only becomes a real deterrent if the U.S. actually implements aggressive penalties.”

“BRICS members don’t want to be seen as anti-Western. They want to be seen as leading a non-Western alternative,” he said. “It’s about leverage. Trump’s threats give the U.S. room to negotiate better deals with countries that also engage with BRICS.”

Trump’s warning marks the latest flashpoint in the broader geopolitical contest between Washington and an emerging multipolar world. BRICS is increasingly seen not just as an economic bloc, but as a symbol of resistance to Western dominance, a role it continues to embrace — cautiously but deliberately.

Kuda Processes N14.3 Trillion in Q1 2025, Signals Robust Growth

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Kuda, a Nigerian digital bank that offers free transfers, cashless payment options, savings, and loans, has revealed that it processed over 300 million transactions worth N14.3 trillion in the first quarter (Q1) of 2025, spanning both its retail and business banking operations.

This disclosure was made by CEO Babs Ogundeyi during a media briefing held in Lagos on Monday, July 7, 2025. Breaking down the numbers, Babs noted that N8.5 trillion came from retail banking, while N5.8 trillion was generated from business users.

This marks Kuda’s most comprehensive operational disclosure, going beyond its usual customer growth reports. While the neobank previously announced a user base exceeding 7 million as of January 2024, this is the first time it has shared detailed financial metrics. As of January 2024, the company had notched up an impressive N55.8 trillion ($61.4 billion) in total transactions since its 2019 launch.

In addition to transaction volumes, Kuda also issued N16.4 billion in overdrafts in Q1, putting it on pace to surpass its entire 2023 overdraft issuance of $12.6 million (N19 billion) once Q2 results are available. The company further disclosed that it paid out N130 million in interest to users during the quarter.

Transfers remained the core of user activity, with business clients alone accounting for N1.5 trillion in transfers. Despite Kuda offering mostly free transfers, the platform saw a higher volume of paid transfers, suggesting that Nigerian users continue to favor transfers as their primary payment method even when fees apply.

Notably, in Q1, the Kuda relaunched its multicurrency wallet, targeting the competitive remittance market. The wallet currently supports pounds and euros for users outside Nigeria, with plans to add US and Canadian dollars within six months.

With over 300 million transactions already recorded in Q1, Kuda appears on course to exceed 1.2 billion transactions by year-end. Founded in 2019 by Babs Ogundeyi and Musty Mustapha, Kuda offers a range of services, allowing users to open accounts, deposit funds, conduct transactions, and access credit.

The company which operates under a microfinance banking licence from the Central Bank of Nigeria, has witnessed significant growth since the beginning of the COVID-19 pandemic having firmly positioned itself as a safe alternative to brick-and-mortar banks at a time when social distancing rules have made visiting banking halls a challenging experience.

In 2021, the digital-led challenger bank for Africa revealed that its Android app was downloaded over 1 million times. Kuda’s total deposits more than doubled from $41 million in 2021 to $100 million in 2022. The report also highlighted Kuda’s growing business banking services as deposits from business customers jumped 154x from less than $102,000 to nearly $15 million at the end of the year.

Expanding its reach, the neobank has ventured into cross-border payments across Africa and Europe. Last year, the Nigerian-based parent company received payment licences in Tanzania and Canada to further its plans to expand across the African and global markets.

It has also extended its footprint to the UK and Pakistan, acquiring a digital banking license from the State Bank of Pakistan. As a pioneer of Nigeria’s neobanking sector, Kuda competes with OPay, PalmPay, and Moniepoint. Unlike its rivals, which rely heavily on mobile money and agent networks, Kuda maintains an app-first approach, offering digital retail banking and credit.

Step Aside Ripple (XRP) and Solana (SOL), These 4 Tokens Under $2 Are the Top Cryptos to Accumulate This July

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As the crypto market gears up for a bullish second half of 2025, the spotlight is gradually shifting from legacy large-caps like Ripple (XRP) and Solana (SOL) to a new wave of undervalued, high-upside altcoins priced under $2. While XRP continues to battle legal uncertainties and SOL consolidates after a turbulent start to the year, a handful of rising stars are attracting both retail and whale attention — and they’re all trading at bargain prices.

For those eyeing exponential returns before the next leg of the bull market, Little Pepe (LILPEPE), BONK, SEI, and Cronos (CRO) have emerged as the top four cryptos to accumulate this July.

Little Pepe (LILPEPE) — The Meme Coin That Refuses to Be Ignored

At the front of the under-$2 surge is Little Pepe (LILPEPE), a rapidly rising ERC-20 meme coin that’s already blown past expectations. Priced at $0.0013 in its current fourth presale stage, LILPEPE has raised over $3.6 million, with over 3 billion tokens sold across all stages, and momentum is only getting stronger. What sets LILPEPE apart from other meme tokens is its visionary plan to launch a Layer 2 blockchain exclusively for meme coins. This chain will offer lightning-fast transactions, ultra-low fees, resistance to sniper bots, and a meme-specific Launchpad for new token deployments. No meme project has gone this far in building a dedicated, scalable infrastructure.

The project is backed by anonymous experts who have helped guide some of the biggest meme coins in the crypto space, and LILPEPE already has plans in motion to list on two major centralized exchanges at launch. The team has also signaled that a listing on the world’s largest exchange is on the roadmap — a potential game-changer.

To amplify buzz, LILPEPE recently launched a $777,000 giveaway, offering 10 lucky winners $77,000 worth of LILPEPE tokens each, solidifying its status as the most viral meme coin of 2025. With predictions already pointing to a 10,000%–25,000% rally, many believe LILPEPE is on track to outshine BTC’s returns in the coming cycle.

BONK — Solana’s Favorite Meme Revival

BONK has stayed relevant thanks to ongoing community support and integrations within the Solana ecosystem. Currently priced well under $0.01, BONK is widely seen as a high-upside play for meme coin speculators. BONK’s connection to Solana — which is itself preparing for a bullish rebound — gives the token major tailwinds. If SOL runs, BONK will likely follow. With upcoming NFT and DeFi collaborations, BONK could see a surge in demand that surpasses Bitcoin’s percentage returns. As traders search for meme coins with credibility and utility, BONK’s unique positioning makes it a contender worth watching.

Cronos (CRO) — A Sleeper Giant in Crypto Infrastructure

Cronos (CRO), at $0.0807 with a $2.15 billion market cap, powers Crypto.com’s ecosystem, integrating with its exchange and DeFi platforms. Analysts project $0.50 by Q4, representing a 520% gain, driven by Crypto.com’s 80 million users and partnerships with companies like Visa. CRO’s EVM-compatible chain supports NFTs and DeFi, boasting a $500 million TVL. A bullish engulfing pattern and low RSI suggest a rebound. While less volatile than LILPEPE, CRO’s real-world adoption and regulatory compliance make it a stable 2025 bet, rivalling XRP’s institutional appeal.

Historically, exchange tokens like BNB and OKB have delivered massive returns. CRO could be next — and at its current price, it offers plenty of room to outperform the relatively mature Bitcoin.

SEI — Smart Contracts at Speed and Scale

The SEI Network is a high-performance Layer 1 blockchain optimized for trading. Its native token, SEI, is trading well under $2 and has quietly become a favorite among developers seeking fast, efficient dApps with robust backend infrastructure.

SEI is making waves by offering front-running resistance, low-latency execution, and institutional-grade throughput — features that make it ideal for building DeFi platforms, DEXs, and even gaming projects. With more than 70 active projects in its ecosystem and counting, SEI is emerging as a significant player in the industry. As crypto trading platforms seek to escape the high fees and slow confirmations of older chains, SEI could experience explosive adoption, and its token may surge far beyond expectations.

Final Thoughts: The Real Opportunity Lies Below $2

As attention fades from big names like XRP and SOL — which may offer more stability but less explosive upside — savvy investors are positioning themselves in undervalued, narrative-driven tokens with unique value propositions.

LILPEPE brings meme coin virality with real-world infrastructure, BONK enjoys deep ties to the Solana ecosystem, SEI caters to the fastest-growing sector of crypto trading, and CRO is tied to one of the most aggressive CEX expansion strategies in the industry. For those looking to turn modest investments into outsized gains in the coming months, July 2025 is the perfect time to accumulate these gems under $2 before the rest of the market wakes up to their potential.

 

For more information about Little Pepe (LILPEPE) visit the links below:

Website: https://littlepepe.com

Whitepaper: https://littlepepe.com/whitepaper.pdf

Telegram: https://t.me/littlepepetoken

Twitter/X: https://x.com/littlepepetoken

Digital Gaming Platforms Drive Financial Innovation in Emerging Markets

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Digital gaming platforms are reshaping economic landscapes across emerging markets, offering users more than entertainment. In areas where traditional banking is scarce, these interactive ecosystems enable individuals to earn, trade and invest digital assets, fostering financial inclusion and economic empowerment. By integrating secure payment systems, gamified financial education and peer-to-peer services, these platforms bridge gaps in access and literacy while driving sustainable growth and innovation. Similarly, platforms like BetRivers, with its BetRivers bonus code incentives, demonstrate how well-designed promotional frameworks can boost engagement and deliver meaningful financial benefits.

Defining Digital Gaming Ecosystems

Digital gaming platforms combine interactive gameplay with economic functionalities. Users participate in virtual economies where they acquire tokens, trade assets, and access financial tools—all within a game environment. These ecosystems leverage mobile connectivity and secure transactional technologies to bring unbanked or underbanked populations into the digital economy. As players engage, they gain familiarity with concepts such as digital wallets, transaction fees, and asset valuation, often without realizing they are building foundational financial skills.

Key Features Fueling Financial Innovation

Digital gaming platforms stand out for their capacity to merge entertainment with practical financial services. Core features include seamless in-game purchases and withdrawals, data-driven personalization, and community-based trading. Secure encryption and multifactor authentication ensure trust, while alternative payment options—such as mobile money or cryptocurrency—enable transactions in regions lacking conventional banking. Analytics tools track user behavior, tailoring incentives that encourage savings, responsible spending, and investment in virtual assets. This synergy between engagement and education positions gaming as a catalyst for broader economic participation.

Financial Inclusion Through Gaming

In emerging markets, traditional banking often faces barriers such as high fees, lack of physical branches, and stringent documentation requirements. The phenomenon of Gen Z’s shift toward crypto highlights growing distrust in these institutions. Gaming platforms circumvent these obstacles by offering digital wallets accessible via smartphones. Peer-to-peer lending features allow users to borrow micro-loans based on their gaming reputation or activity score, bypassing credit checks. Virtual marketplaces let small entrepreneurs sell in-game services or digital goods, generating income streams that feed back into local economies. By lowering entry thresholds, these platforms transform passive gameplay into active financial participation.

Illustrative Case Studies

The impact of digital gaming on financial landscapes becomes clear when examining real-world implementations.

Country Platform Feature Economic Impact
Brazil Integrated mobile payments Users made over 2 million transactions, boosting local digital commerce
Nigeria Micro-lending based on gameplay Unbanked players accessed $500,000 in loans within first year

In Brazil users leveraged integrated mobile payments to transact for in-game items and local goods, creating a digital commerce boom. In Nigeria micro-lending tied to gameplay performance opened new credit channels, granting small loans without traditional collateral and seeding entrepreneurial ventures.

Challenges and Opportunities

Emerging markets present both hurdles and promising trends for gaming-driven financial innovation.

  • Limited internet penetration and unstable connectivity in rural areas can restrict platform access
  • Regulatory uncertainty often complicates compliance for fintech-gaming hybrids
  • Cultural skepticism toward digital finance requires trust-building through transparent policies

Looking ahead, partnerships between gaming platforms and local financial institutions could expand service offerings. Advances in blockchain may enable more efficient cross-border remittances, while gamified financial education modules promise to deepen users’ understanding of savings, budgeting, and investment. As mobile networks improve, the potential user base will grow, further driving economic inclusion.

Conclusion

By merging engaging gameplay with innovative financial services, digital gaming platforms are charting a new path to inclusion and growth in emerging markets. Secure transaction systems, gamified education, and peer-based lending demonstrate how interactive environments can address gaps left by traditional banking. As regulators adapt and infrastructure improves, these platforms will likely become even more integral to economic ecosystems, empowering users to participate fully in the digital economy and fostering sustainable development across diverse regions.

Behind the Headlines: Tesla’s Self-Driving Stumble and Waymo’s Underrated Dominance

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The launch of the Tesla self-driving taxi service in Austin was supposed to be another triumph for Elon Musk. Instead, it demonstrated the deep gap between market expectations and technological reality. It highlighted the underestimation of the true industry pioneer, Waymo, the Alphabet subsidiary. The robotaxi launched nearly 20 Model Y vehicles as prototypes to test operational challenges such as unexpected stops and navigating intersections.

This media storm, which often happens with Tesla, immediately affected the market. Tesla stock price fluctuations have become the object of close attention from speculators, and the paradox is that even negative news about the service drives up the giant’s shares.

Up to 60% of Tesla’s phenomenal capitalization of $1.05 trillion is based solely on expectations of the success of its autonomous taxi business. The market estimates Tesla’s potential robotaxi service at about $600-700 billion. For comparison, Waymo’s entire capitalization is estimated at only $45 billion. Tesla is worth more than the next twenty automakers combined.

While Tesla is testing two dozen cars in one city, Waymo has long and successfully operated a fleet of more than 1,500 fully self-driving cars without a safety driver in several key locations: Phoenix and its suburbs, San Francisco, Los Angeles, and soon Austin. The scales of operation are incomparable:

  • More than 250,000 paid trips per week.
  • Millions of autonomous miles have been accumulated on public roads.
  • One of the best safety indicators in the industry, with data from California and Arizona traffic accident reports.
  • A full-fledged commercial service available through the app.
  • Strategic partnerships like those with Uber Eats for food delivery in some regions.

In 2024, Waymo confidently attracted $5.6 billion in investments, confirming its valuation of $45 billion. This is a serious amount that demonstrates trust. However, it’s just $45 billion compared to $600-700 billion of Tesla’s autonomous park.

Every statement, every announcement, or failed launch of Elon Musk instantly becomes world news. Tesla is constantly in the spotlight. Alphabet’s Waymo is much more restrained and methodical, focusing on security and gradual scaling rather than high-profile press releases.

Investors believe in Musk’s “magic” and ability to revolutionize industries. Tesla’s capitalization is a bet on its future vision, often at the expense of current results.

Waymo has been working on autonomy since 2009. Their approach was initially based on creating a full-fledged autonomous vehicle rather than gradually improving driver assistance systems like Tesla’s. This is more difficult and requires more time and resources, but it leads to creating a truly autonomous solution.

As Waymo is a subsidiary, Alphabet doesn’t disclose its financial statements separately. Its success and scale are less noticeable to many investors than Tesla’s public profile. Investment rounds are rare events that draw attention to their real value.

Waymo is not just a startup, but a technology leader with 15 years of experience, real revenue, and a vast base of proven autonomous miles. The current market value of $45 billion may look very attractive to those who believe in the victory of reality over rumor. The Austin Tesla experiment only highlighted how undervalued Waymo is today.