U.S. President Donald Trump said on Tuesday the U.S. would "pretty soon" charge a 10% tariff on imports from BRICS countries, drawing another complaint from Brazil President Luiz Inacio Lula da Silva,

If formally launched, it will join Brics Pay, the alternative payments system proposed in 2018, to facilitate payments across the bloc in local currencies, and the New Development Bank, launched in 2015 to fund infrastructure and development projects.

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.

The US decision to delay tariff penalties until Aug. 1 doesn't dramatically impact the Middle East, but the coming weeks could still have important ripple effects in the region.

Despite the China-backed initiative making limited progress, dozens of nations are still eager to join.US President Donald Trump is doubling down against the BRICS bloc of fast-growing economies -- including Brazil,

The White House concluded that non-tariff methods for punishing Brazil would take too long, two people familiar with the situation said.

From BRICS nations' ambitious payment systems to President Donald Trump's aggressive tariff threats, the international monetary landscape appears to be shifting. Yet beneath the surface of these headline-grabbing developments lies a more complex reality: despite concerted efforts by major emerging economies,

As the August 1 deadline for new tariffs looms, the global community watches closely. The BRICS nations, comprising Brazil, Russia, India, China, and South Africa, have emerged as vocal critics, rejecting the notion of a U.

President Donald Trump's administration has reignited global trade debates with its ambiguous tariff strategy, extending deadlines and provoking strong international reactions.

US President Donald Trump has announced a 50 percent tariff on Brazilian imports as he accused the country's leftist leadership of orchestrating a "witch hunt" against his right-wing ally, former leader Jair Bolsonaro.

BRICS, formed in 2009, is the only major international group of which the US is not a part. Its other members are South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates.