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Trump's Tariff Threat Rocks BRICS Summit: A New Era of Global Trade Tensions?
US President Donald Trump has issued a stark warning: any nation aligning with "Anti-American policies of BRICS" will face an additional 10% tariff, no exceptions. This declaration comes as the BRICS nations, including new members like Egypt and Indonesia, convene in Brazil to discuss strengthening cooperation and challenging Western dominance. Indian Prime Minister Narendra Modi, attending the summit, used his speech to condemn global terrorism, citing a recent attack in Kashmir. Notably absent is Chinese President Xi Jinping, a significant first for his tenure.
Rio de Janeiro, Brazil – The annual BRICS summit, a gathering of some of the world's largest emerging economies, is currently underway in Brazil's vibrant Rio de Janeiro. However, the discussions on deepening cooperation and a more multipolar world order have been overshadowed by a powerful statement from Washington.
On Monday, US President Donald Trump took to his social media platform, Truth Social, to issue a clear and uncompromising warning: "Any Country aligning themselves with the Anti-American policies of BRICS will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy. Thank you for your attention to this matter!"
This firm declaration signals a potential toughening of US trade policy towards nations perceived as moving closer to the BRICS bloc, a group that has expanded significantly since its inception. Originally comprising Brazil, Russia, India, China, and South Africa, BRICS welcomed Egypt, the United Arab Emirates, Ethiopia, Indonesia, and Iran into its fold in 2024, demonstrating its growing influence on the global stage.
Amidst the geopolitical shifts, Indian Prime Minister Narendra Modi delivered a powerful speech on Sunday. He directly addressed the escalating threat of global terrorism, urging for a unified front against this menace. Modi highlighted the recent "brutal and cowardly" terror attack in Pahalgam on April 22, which claimed 26 civilian lives, describing it as an assault on India's "soul, identity, and dignity," and indeed, on humanity as a whole. His condemnation underscored a key concern for many nations attending the summit.
Adding another layer of intrigue to the summit, Chinese President Xi Jinping is notably absent. This marks the first time since coming to power that Xi has missed the annual BRICS gathering. While Beijing has offered no official reason for his non-attendance, Chinese Premier Li Qiang is representing the nation in his place. Xi's absence has sparked speculation among observers about its potential implications for the future dynamics within the BRICS alliance.
The BRICS nations are focused on discussing strategies to deepen their economic and political cooperation, particularly in response to what they describe as growing concerns over Western dominance in global affairs. With Trump's latest tariff threat hanging in the air, the summit's outcomes are now more closely watched than ever, as the world braces for a potential new chapter in international trade relations.(source-moneycontrol)
On Monday, US President Donald Trump took to his social media platform, Truth Social, to issue a clear and uncompromising warning: "Any Country aligning themselves with the Anti-American policies of BRICS will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy. Thank you for your attention to this matter!"
This firm declaration signals a potential toughening of US trade policy towards nations perceived as moving closer to the BRICS bloc, a group that has expanded significantly since its inception. Originally comprising Brazil, Russia, India, China, and South Africa, BRICS welcomed Egypt, the United Arab Emirates, Ethiopia, Indonesia, and Iran into its fold in 2024, demonstrating its growing influence on the global stage.
India's Stance on Terrorism Takes Centre Stage
Amidst the geopolitical shifts, Indian Prime Minister Narendra Modi delivered a powerful speech on Sunday. He directly addressed the escalating threat of global terrorism, urging for a unified front against this menace. Modi highlighted the recent "brutal and cowardly" terror attack in Pahalgam on April 22, which claimed 26 civilian lives, describing it as an assault on India's "soul, identity, and dignity," and indeed, on humanity as a whole. His condemnation underscored a key concern for many nations attending the summit.
Xi Jinping's Absence Raises Questions
Adding another layer of intrigue to the summit, Chinese President Xi Jinping is notably absent. This marks the first time since coming to power that Xi has missed the annual BRICS gathering. While Beijing has offered no official reason for his non-attendance, Chinese Premier Li Qiang is representing the nation in his place. Xi's absence has sparked speculation among observers about its potential implications for the future dynamics within the BRICS alliance.
The BRICS nations are focused on discussing strategies to deepen their economic and political cooperation, particularly in response to what they describe as growing concerns over Western dominance in global affairs. With Trump's latest tariff threat hanging in the air, the summit's outcomes are now more closely watched than ever, as the world braces for a potential new chapter in international trade relations.(source-moneycontrol)
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