BRICS, Trump and tariff
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ET Now on MSNWhy is Donald Trump at loggerheads with BRICS? Reasons? De-dollarisation, common currency or something else? DETAILSBRICS, formed in 2009, is the only major international group of which the US is not a part. Its other members are South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates.
Despite the China-backed initiative making limited progress, dozens of nations are still eager to join.US President Donald Trump is doubling down against the BRICS bloc of fast-growing economies -- including Brazil,
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.
Trump's 50% Tariff on Brazilian Goods Like Coffee and Orange Juice Could Drive up US Breakfast Costs
President Donald Trump’s threat to boost import taxes by 50% over Brazilian goods could drive up the cost of breakfast in the United States