BRICS, Trump and tariff
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Russian Deputy Foreign Minister Sergei Ryabkov said on Thursday that BRICS was not an anti-American group and that it will not listen to "language of threats and manipulation". On Sunday, U.S. President Donald Trump threatened BRICS countries with additional 10% tariffs after calling the bloc "anti-American.
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.
Both Jakarta and Hanoi seek to preserve strategic autonomy while navigating an increasingly polarized international environment. BRICS may offer a third path.
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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A summit of leaders from the BRICS group of major emerging economies kicks off in Brazil Sunday – but without the top leader of its most powerful member.
Brics can only provide credible leadership in a changing global order when it addresses its many inner contradictions.
Trump’s remarks seem more like a warning to Brics and unlikely to affect India’s efforts to finalise a trade pact with the US, analysts say.