The United States President, Donald Trump, has taken a confrontational stance towards the BRICS economic alliance. BRICS is acronym for Brazil, Russia, India, China, and South Africa, and BRICS+ is a 10 member grouping that includes Egypt, Ethiopia, Iran, the United Arab Emirates (UAE), and Indonesia in addition to the five original members.
Trump on multiple occasions has threatened to impose 100 or 150 per cent tariffs on BRICS+ nations as they seek to challenge the dominance of the U.S. dollar in global trade and finance. “If they want to play games with the dollar; if any trading gets through it’ll be 100 per cent tariff, at least,’’ he said in response to a question about the BRICS nations setting up their own currency. Trump first made such tariff threats in December 2024 and then few more times in January 2025 after his inauguration ceremony.
In a statement on his…
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