BRICS, Donald Trump and tariff
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Trump’s new tariff letters have sent shockwaves across global markets as he targets 22 countries with tough new trade threats just weeks before the August 1 deadline. From close allies like Japan and South Korea to BRICS nations like Brazil and South Africa,
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.
Brics, a grouping of 11 very diverse nations, has repeatedly got in US President Donald Trump’s crosshairs. He’s called it ‘anti-American’ and threatened punitive tariffs. Mint looks at Brics closely—its members, objectives, clout, recent actions and why it unsettles Trump.
India Today on MSN1d
Trump's 10% tariff threat against Brics nations, PM Modi in Namibia: Minerals, diplomacy, strategic ties in focusThe United States announces a potential 10% tariff on BRICS nations. US President Donald Trump claims BRICS was set up to hurt America and degenerate the dollar. The announcement comes after the recent BRICS summit,
US President Donald Trump on Monday once again warned BRICS group of charging an additional 10% tariff on goods from these nations.
Brics, a grouping of 11 very diverse nations, has repeatedly got in US President Donald Trump’s crosshairs. He’s called it ‘anti-American’ and threatened punitive tariffs. Mint looks at Brics closely—its members, objectives, clout, recent actions and why it unsettles Trump.
Live Mint on MSN1d
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Trump and his aides have repeatedly shifted their stance on tariffs in the weeks since the president’s “Liberation Day” announcement.