International: Trump’s Tariff Threat Escalates BRICS Trade Tensions
Intensified US-BRICS Trade Conflict
US President Donald Trump has issued a stern warning, announcing an additional 10% tariff on nations aligning with BRICS’ perceived anti-American policies. This escalation follows the BRICS summit in Rio de Janeiro, where leaders criticized unilateral tariff hikes.
Trump’s Social Media Declaration
On his Truth Social platform, Trump declared that any country supporting BRICS’ policies would face the new tariffs, with no exceptions. Official notices detailing the policy are set to be dispatched to affected nations starting Monday afternoon.
BRICS Summit Sparks Controversy
The ongoing BRICS summit saw leaders express alarm over the US’s trade practices, particularly its tariff increases, which they argue violate World Trade Organization (WTO) regulations. They also condemned trade restrictions imposed under environmental pretexts by developed nations.
BRICS’ Expanding Influence
The BRICS alliance, comprising Brazil, Russia, India, China, South Africa, Saudi Arabia, Egypt, UAE, Ethiopia, Indonesia, and Iran, has grown significantly. The bloc’s push for de-dollarization and alternative trade mechanisms has heightened tensions with the US.
Economic Implications
Trump’s tariff threat risks further destabilizing global trade, potentially increasing costs for US consumers and disrupting supply chains. Economists warn that such measures could lead to retaliatory actions, exacerbating the trade war.
Global Response Awaited
The international community awaits formal documentation and further details on the tariff policy. The BRICS nations’ unified stance against unilateral trade measures signals a potential for coordinated resistance.