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,
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