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BRICS, Donald Trump and India
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President Donald Trump threatened to add a 10% tariff rate on BRICS-aligned countries. The term first applied to 4 countries but the group expanded.
The Trump administration will not immediately impose a new 10% tariff against members of the developing nation BRICS bloc, but will proceed if countries take so-called "anti-American" policy actions,
Host Brazil criticises US president as being ‘very irresponsible’ for vowing extra levies on states aligned to group
The president's statement comes as the trading bloc including Brazil, Russia, India, China, and South Africa (BRICS) is meeting in Rio de Janeiro this week.
“Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy,” Mr. Trump said in a Truth Social post. He did not elaborate, nor did he say what BRICS policies he was referring to.
The BRICS bloc has criticized rising tariffs and attacks on Iran in its latest summit declaration. Meeting in Rio de Janeiro on Sunday, the group also condemned NATO’s increased military spending and expressed concerns about global trade disruptions caused by tariffs.
Leaders of the BRICS group of developing nations addressed the shared challenges of global warming on Monday, the final day of their summit in Rio de Janeiro, demanding that wealthy nations fund mitigation of greenhouse gas emissions in poorer nations.
President Trump said the U.S. would impose higher charges on imports from countries that follow the "anti-American policies" of major emerging economies including Brazil, China and Russia. "Any Country aligning themselves with the Anti-American policies of BRICS,
Brazilian President Luiz Inácio Lula da Silva hit back on Monday at recent threats from U.S. President Donald Trump to impose tariffs on countries that align themselves with BRICS.
China said BRICS does not seek confrontation or target any country after U.S. President Donald Trump threatened a new 10 percent tariff.
16hOpinion
The world has changed and the western-led postwar order is over, or so the Brics bloc of developing nations insists. Equally clear at the group’s annual summit in Rio de Janeiro this week was that the Brics have changed too — and not for the better. The new model is bigger, less coherent and far less likely to achieve any of its putative goals.
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