US EditionTrump's Tariff Threat: Huge Implications for the BRICS Bloc and Global Trade
BRAZIL, JUL 8 – Trump targets BRICS with 10% tariffs and imposes a 50% tariff on imported copper to protect the US dollar amid rising global economic tensions, raising overall US tariff rates to 17.6%.
- At the BRICS summit in Rio, President Donald Trump announced a 10% tariff on BRICS imports and a 50% tariff on copper, effective August 1 if no deals are made.
- Spurred by BRICS expansion and de-dollarisation efforts, Trump aims to protect the dollar amid US pressure and global currency shifts.
- Analysis shows BRICS accounts for 40% of global output with around $1 trillion in intra-group trade, actively reducing reliance on the US dollar.
- Industry experts warn that US tariffs and lack of legal enforceability threaten supply chains, with copper futures rising over 10% and Nigeria facing an additional 10% tariff.
- In coming weeks, experts project further tariffs and talks as de-dollarisation remains a long-term goal for BRICS to challenge US economic dominance.
38 Articles
38 Articles
As Trump Threatens BRICS, It Grows Stronger, Resisting US Dollar and Western Imperialism
Donald Trump threatened tariffs on BRICS, claiming the group is “dead”, but it is growing in size and influence. 10 members and 10 partners participated in a summit in Brazil, discussing dedollarization, trade and investment in local currencies, and how to create a more multipolar global order.
Trump's Tariff Gamble: BRICS Trade Tensions Escalate
Trump's Tariff Gamble: BRICS Trade Tensions Escalate In a move that could further strain international trade relations, US President Donald Trump has suggested a 10% tariff on BRICS nations conducting business in non-dollar currencies. Analysts argue this overlooks the unintended consequences of US sanctions that have driven countries like India and China to pivot to local currencies for trading.The Global Trade Research Initiative (GTRI) highli…
Trump worried by BRICS’ challenge to US global hegemony
By threatening to impose sanctions on BRICS members, United States President Donald Trump appears to be concerned by the group’s challenge to Washington’s efforts to achieve global hegemony and maintain the dominance of the US dollar. However, his efforts will ultimately fail as BRICS continues to develop and expand. “If they’re a member of BRICS,
After globalization: The global economic order is further disintegrating, fueled by Donald Trump's tariff war. This isn't entirely bad…
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