'Extra tariffs will be imposed if...': US president Trump threatens BRICS countries; will India get affected too?
Donald Trump threatens BRICS countries: In a significant development for global politics and India-US trade relations, US President Donald Trump has warned the members of the BRICS countries that he will impose additional tariffs on countries supporting any policy that is 'anti- US'. According to reports quoting the US President, an additional 10 percent tariff will be imposed on the members of the BRICS countries for opposing the US . Notably, US President Trump 's statement came after BRICS 2025 Summit condemned the US and Israeli attacks on Iran. What's BRICS?
BRICS is an intergovernmental organization which comprises ten countries – Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates. The founding members of BRICS are Brazil, Russia, India and China. What happened at BRICS 2025 summit?
At the BRICS 2025 summit held in Brazil , the 10 member countries – Brazil , China, Egypt , Ethiopia , India, Indonesia , Iran, Russian Federation, South Africa , United Arab Emirates – condemned the US- Israeli attacks on Iranian nuclear and military facilities and called the attacks illegal. Will India get affected?
Although discussions regarding the India-US trade deal are underway, the current development might impact the US tariffs on India. BRICS calls for urgent UNSC reform, reiterate support for India
In the recent development, leaders of BRICS nations also reiterated support for 'comprehensive reform' of the United Nations, including its Security Council, for making it more democratic, representative, effective and efficient.
In a joint declaration at the 17th BRICS summit in Rio de Janeiro, China and Russia, as permanent members of the United Nations Security Council, reiterated their support for the aspirations of Brazil and India to play a greater role in the UN, including its Security Council.
Notably, India has long sought a permanent seat in the UN Security Council (UNSC) to better represent the interests of the developing world. The UNSC is composed of 15 member states, including five permanent members with veto power and ten non-permanent members elected for two-year terms.
(With inputs from agencies)
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