US EditionTrump's Tariff Threats: U.S. vs. BRICS Showdown
BRAZIL, JUL 18 – Belarus suggested integrating central bank digital currencies to ease payments among BRICS countries and cut reliance on the US dollar despite US tariff threats, officials said.
- During the 17th BRICS meeting held in Brazil's Rio de Janeiro, leaders focused on advancing a new system to facilitate cross-border financial transactions.
- This emphasis developed from ongoing attempts to decrease dependence on the US dollar, with Belarus suggesting the adoption of systems linked to central bank digital currencies once they are fully developed and prepared for implementation.
- Meanwhile, U.S. President Donald Trump announced on July 6 a 10% tariff on imports from BRICS nations and threatened a 50% tariff on Brazil starting in August for aligning with what he called Anti-American policies.
- Trump mentioned that he became aware of the coalition involving six BRICS nations and claimed to have taken strong actions against them. He cautioned that should this alliance become fully established, its existence would be short-lived.
- BRICS leaders rejected claims of anti-Americanism, continued advancing their payment system, and the tariff threats heightened tensions regarding the dollar's global reserve status.
16 Articles
16 Articles
Resilience. Xi Jinping’s slogan of enduring the protectionist onslaughts of the Trump administration has left a first half of 2025 with an activity above the official target of 5%, exports that do not pose the threat of tariffs and an industry with good symptoms The BRICS attack the ‘America, first’ and raise the ‘multilateralist’ voice for Trump’s tariff abuse The market consensus is determined to raise its prospects for the Chinese economy by …
"BRICS Will End Very Quickly If...": Trump Repeats 10% Tariff Threat
U.S. President Donald Trump on Friday repeated his threat to slap a 10% tariff on imports from members of the BRICS group of developing nations and said the group would end very quickly if they ever formed in a meaningful way.
Colorado Springs Gazette
Trump says BRICS would end quickly if they ever form in a meaningful way
By Andrea Shalal
Trump's Tariff Threats: U.S. vs. BRICS Showdown
Trump's Tariff Threats: U.S. vs. BRICS Showdown In an escalating trade tension, U.S. President Donald Trump reiterated his commitment to imposing a 10% tariff on imports from the BRICS group of developing nations on Friday. Trump expressed concern over the group's potential impact on the U.S. economy if they form a strong alliance.Highlighting the dollar's status as a global reserve currency, Trump vowed to block any efforts at establishing a ce…
U.S. President Donald Trump reiterated the threats of tax evasion on BRICS member countries saying it will end this "very fast" group, if it will be in a consolidated form, writes Reuters...
The global economic geopolitical constellation entered a new phase in 2025. Tensions escalated between the United States (US) and the BRICS countries. The geopolitical constellation...
Coverage Details
Bias Distribution
- 43% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
