BRICS, Trump and 10 tariff
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Russian Deputy Foreign Minister Sergei Ryabkov said on Thursday that BRICS was not an anti-American group and that it will not listen to "language of threats and manipulation".
It has condemned tariffs and military strikes on Iran, but analysts say Brics’ true test is in moving beyond rhetoric to deliver results.
Founding members Vladimir Putin and Xi Jinping were conspicuously absent while the US warned member countries of additional tariffs.
The Trump administration will not immediately impose a new 10% tariff against members of the developing nation BRICS bloc, but will proceed if countries take so-called "anti-American" policy actions,
The president's statement comes as the trading bloc including Brazil, Russia, India, China, and South Africa (BRICS) is meeting in Rio de Janeiro this week.
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Brazilian President Luiz Inácio Lula da Silva hit back on Monday at recent threats from U.S. President Donald Trump to impose tariffs on countries that align themselves with BRICS.
MOSCOW (Reuters) -Russian Deputy Foreign Minister Sergei Ryabkov said on Thursday that the BRICS group is not an anti-American group and that it will not listen to "language of threats and manipulation".
The world has changed and the western-led postwar order is over, or so the Brics bloc of developing nations insists. Equally clear at the group’s annual summit in Rio de Janeiro this week was that the Brics have changed too — and not for the better. The new model is bigger, less coherent and far less likely to achieve any of its putative goals.