Trump’s BRICS barb rattles India-US trade deal hopes
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President Trump is amping up trade threats, again unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.
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India ‘Will Have To Pay 10%’ Tariff: Trump Claims BRICS Trying To ‘Destroy Dollar’, Will Have To ‘Pay Big Price’Trump accused the BRICS alliance of trying to undermine the US dollar's global dominance, threatening consequences, including 10 per cent tariff on India. He asserted the dollar's importance and vowed to maintain its status.
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Importantly, BRICS endorsed a bigger role for the Global South by calling for “greater and more meaningful participation and representation” of Emerging Markets and Developing Countries, as well as Least Developed Countries, especially from Africa, Latin America and the Caribbean in global decision-making processes and structures.
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.
India under Modi's leadership aims to redefine BRICS, focusing on resilience, innovation, and global cooperation for common challenges.
Prime Miniter Narendra Modi on Monday aid India would redefine the BRICS grouping under it upcoming chairmanhip by focuing on Building Reilience and Innovation for Cooperation and Sutainability. Addreing the BRICS Summit in Brazil,
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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