BRICS, Trump
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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.
As the global economy transitions toward green technologies, the demand for critical minerals such as lithium, cobalt, and rare earth elements has surged, reshaping geopolitical and economic alignments.
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.
Trump said the U.S. will impose an additional 10% tariff on any countries aligning themselves with the "Anti-American policies" of the BRICS group of developing nations, whose leaders kicked off a summit in Brazil.
Both Jakarta and Hanoi seek to preserve strategic autonomy while navigating an increasingly polarized international environment. BRICS may offer a third path.
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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.
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.
The BRICS bloc is made up of 11 nations, with Brazil, Russia, India, China, and South Africa making up the core group. The bloc has drawn Trump's ire before.
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 can only provide credible leadership in a changing global order when it addresses its many inner contradictions.
India is trying to shield itself from President Donald Trump’s backlash against BRICS by stressing it has no plans to challenge the US dollar’s global dominance, according to people familiar with the matter.