US president, Donald Trump imposed taraf so many bricks countries, including Brazil and India facing 50% duties. The decision Park debate within the bloc, with the possibilities of bringing nations closer perform trade strategies.
Brazilian president Luiz Inácio Lula da Silva publicly called for a unified bricks response to deal with the situation. Donald Trump, who believes that BRICS is anti-US Also targeted other members. China and South Africa is facing 30% tariffs while many Russian goods stand at 20%. The United States revoke Russia’s Most Favoured Nation (MFN) status. He also want Russian president Vladimir Putin for the consequences, if he does not end the war with Ukraine.
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Diplomatic Activity Hints at Possible Talks
After the Tarik spike, Lola said that he will not be involved in any trade talks with US and instead proposed a united bricks reaction. However, no leader has officially supported his proposal but a series of high-level phone calls within the last 48 hours hints at behind the scene discussions.
On Thursday, Lula spoke with Indian Prime Minister Narendra Modi about “unilateral” tariffs and the global economy. The same day, South African President Cyril Ramaphosa discussed matters of “mutual interest” with Putin. By Friday, Putin had also spoken separately with China’s President Xi Jinping and PM Modi. Xi, Putin, and Modi are set to meet later this month at the Shanghai Cooperation Organization summit in Tianjin, which could serve as a platform for further talks on tariffs.
ALSO READ: Trump Warns BRICS Could “End Very Quickly” As He Threatens Tariffs And Defends Dollar
Trump’s Strong Words on BRICS
Trump has described BRICS as “a group of countries that are anti the United States” and accused them of targeting the US currency.
“BRICS, which is a group of countries that are anti the United States… It is an attack on the dollar, and we are not going to let anybody attack the dollar. So it’s partially BRICS and it’s partially trade,” he said.
