Trump threatens extra 10% tariffs on BRICS
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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". On Sunday, U.S. President Donald Trump threatened BRICS countries with additional 10% tariffs after calling the bloc "anti-American.
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.
Trump’s remarks seem more like a warning to Brics and unlikely to affect India’s efforts to finalise a trade pact with the US, analysts say.
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.
Brics can only provide credible leadership in a changing global order when it addresses its many inner contradictions.
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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.
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".
BRICS members are India, Brazil, Russia, China, South Africa, Saudi Arabia, Egypt, United Arab Emirates, Ethiopia, Indonesia, and Iran.