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The BRICS bloc is growing — and Trump's tariff threat isn't expected to put off aspiring members

17 January 2025
in World
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The BRICS bloc is growing — and Trump's tariff threat isn't expected to put off aspiring members
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President-elect Donald Trump has threatened a 100% tariff against BRICS nations if they undermine the U.S. dollar, a move analysts believe won’t deter the group’s growth. Brazil recently welcomed Indonesia into the coalition, as the outgoing Biden administration has downplayed BRICS, with Trump showing potential to impose tariffs on members. The incoming administration’s shift in policy towards BRICS as a collective entity signals a new approach, according to Mihaela Papa from the MIT Center for International Studies.

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Tags: aspiringblocBreaking News: EconomyBreaking News: PoliticsBRICSbusiness newsEconomyExpectedgrowingisn039tMembersPoliticsputtariffThreattradeTrump039s
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