July 13, 2025

U.S. President Donald Trump has issued a threat to impose 10% tariffs on members of the BRICS grouping following their recent summit in Rio de Janeiro. Trump views BRICS as 'anti-American' and a challenge to the dominance of the U.S. dollar. The tensions have escalated since BRICS discussed a Cross-Border Payments Initiative to promote trade within member countries using local currencies. Trump's administration has also imposed tariffs on Brazil and South Africa, citing various reasons including allegations against Brazilian President Jair Bolsonaro and concerns over trade practices in South Africa. The threat of tariffs has raised questions about the future of global trade relations and the stability of the BRICS group. While Trump's concerns about de-dollarisation have been refuted by BRICS members, the situation remains tense as the U.S. considers further actions against countries that align with BRICS. India, a key member of BRICS, has objected to Trump's characterization of the group and seeks to maintain strong trade relations with the U.S. The implications of these tariff threats are significant for the global economy and diplomatic relations between the U.S. and BRICS countries.

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Tags: Donald trump, Brics, Tariffs, Trade, International relations,