BRICS, Trump and 10 tariff
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Russian Deputy Foreign Minister Sergei Ryabkov said on Thursday that BRICS was not an anti-American group and that it will not listen to "language of threats and manipulation".
BRICS members are India, Brazil, Russia, China, South Africa, Saudi Arabia, Egypt, United Arab Emirates, Ethiopia, Indonesia, and Iran.
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.
President Donald Trump said at least seven countries can expect tariff letters on Wednesday morning, as he ramped up pressure on nations to strike deals with the United States by saying his new August 1 deadline would not be extended.
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,
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At their latest summit in Brazil, the BRICS nations once again portrayed themselves as an emerging geopolitical heavyweight. Yet the internal contradictions within this expanding group remain plain to see.
A summit of leaders from the BRICS group of major emerging economies kicks off in Brazil Sunday – but without the top leader of its most powerful member.
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.
MOSCOW (Reuters) -Russian Deputy Foreign Minister Sergei Ryabkov said on Thursday that the BRICS group is not an anti-American group and that it will not listen to "language of threats and manipulation".
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