BRICS, Donald Trump and India
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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,
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.
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.
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,
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.
Trump and his aides have repeatedly shifted their stance on tariffs in the weeks since the president’s “Liberation Day” announcement.
Donald Trump wants us to believe that “trade deals” and “failing to reach trade deals” mean the same thing, which is every bit as bonkers as it seems.
President Donald Trump has threatened and pulled back deadlines to impose tariffs no fewer than four times over his first six months in office.