Trump, BRICS and 10 Tariff
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Minister Prasetyo Hadi explained that the United States' import tariffs apply not only to Indonesia but also to other countries.
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MiBolsilloColombia on MSN100% tariff on the BRICS bloc, these are the reactions to President Trump's mandatePresident Trump's proposed 100% tariff on BRICS nations has stirred global controversy. Labeling the group as 'anti-American,' Trump faces backlash from BRICS leaders, who defend their vision of a multipolar world.
As US President Donald Trump wages a trade war across the globe, a new target has come into his line of fire: the BRICS group of emerging major economies.
Trump’s new tariff letters have sent shockwaves across global markets as he targets 22 countries with tough new trade threats just weeks before the August 1 deadline. From close allies like Japan and South Korea to BRICS nations like Brazil and South Africa,
President Donald Trump threatened to add a 10% tariff rate on BRICS-aligned countries. The term first applied to 4 countries but the group expanded.
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U.S. President Donald Trump’s tariff letters show that tariffs — to protect domestic industries and to raise revenue for a deeply indebted government — are the way forward. The U.S. is moving toward more managed trade via quotas and other measures.
Economists and investors are left guessing by President Donald Trump’s tariff agenda as he grants extensions then threatens higher tariffs in letters to trading partners. It remains to be