Despite the threat of a trade war with the U.S., economists and analysts tell CNBC that this will not stop BRICS from expanding.
The return of Donald Trump to the White House has intensified tensions between the United States and BRICS nations. He believes the bloc, led by “aggressors” Russia and China, wants to play a hand in undermining what the US has built on the international trade front.
Brazil takes the helm at a moment when diplomatic pragmatism should take precedence over some of the bloc’s more polarizing initiatives.
Most of Trump's team is pro-tariff - and this will drive global markets to American whims and companies seeking to relocate production from China to Mexico.
Tire makers, dealers, importers and consumers are waiting to see if incoming President Donald J. Trump makes good on threats to increase tariffs on imported goods.
BRICS wants to usher in an international order not so dominated by the West. To a lot of Global South countries, that's an appealing vision. The post There's a Reason BRICS Is the Hottest Multilateral Ticket in Town appeared first on World Politics Review.
Diplomat Eduardo Saboia, head of the BRICS summit to be held in Rio de Janeiro in July, brushed off recent threats from incoming US president Donald Trump to impose 100 percent tariffs on BRICS ...
Trump’s economic policies—such as tax cuts, deregulation, and restrictions on immigration—could drive inflation higher in the short term.
Scott Bessent, Trump's Treasury Secretary nominee, pledged to uphold the dollar's reserve currency status, emphasizing productive investment, supply chain security, and strategic sanctions to bolster U.
Donald Trump's nominee for Treasury chief defended potential tax cuts and tariffs Thursday, telling lawmakers at his confirmation hearing that the president-elect could usher in "a new economic golden age.
Indonesia has become the newest member of the BRICS group of developing nations, in a move that could further bolster the Global South as Donald Trump’s trade policies pose risks to world economy.