According to reports, US President Donald Trump has warned of a 10% tariff increase on BRICS nations for aligning with anti-American policies. The threat came after BRICS indirectly criticized trade wars and military actions in Iran.
Key highlights:
• BRICS consists of Brazil, Russia, India, China, South Africa, and additional member countries.
• Trump’s tariff threat stemmed from perceived adversarial interests with the US.
• BRICS leaders cautioned against unilateral tariff measures.
• The group’s 17th summit in Brazil emphasized peace and global cooperation.
The development underscores escalating tensions in global trade and the potential impact on India’s foreign policy and economic interests.
Source: Al Jazeera – Breaking News, World News and Video from Al Jazeera