BRICS, Trump and tariff letters
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India is trying to shield itself from President Donald Trump’s backlash against BRICS by stressing it has no plans to challenge the US dollar’s global dominance, according to people familiar with the matter.
Brics, a grouping of 11 very diverse nations, has repeatedly got in US President Donald Trump’s crosshairs. He’s called it ‘anti-American’ and threatened punitive tariffs. Mint looks at Brics closely—its members, objectives, clout, recent actions and why it unsettles Trump.
At their latest summit in Brazil, the BRICS nations once again portrayed themselves as an emerging geopolitical heavyweight. Yet the internal contradictions within this expanding group remain plain to see.
Leaders of the BRICS group of developing nations addressed the shared challenges of global warming on Monday, the final day of their summit in Rio de Janeiro, demanding that wealthy nations fund mitigation of greenhouse gas emissions in poorer nations.
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India Today on MSNAs BRICS debates reducing dollar dependence, why India is walking a fine lineNew Delhi’s core demand: build alternatives that are interoperable and don’t just replace the US dollar with another hegemon
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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.
BRICS nations have condemned the EU's carbon border tax as a discriminatory trade barrier that undermines fair climate action and disproportionately burdens developing economies.
It has condemned tariffs and military strikes on Iran, but analysts say Brics’ true test is in moving beyond rhetoric to deliver results.