17th BRICS SUMMIT World leaders arrive at Museum of Modern Art in Rio de Janeiro, Brazil
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The Hindu
2 hours ago
- The Hindu
BRICS set up to 'hurt us', 'degenerate' U.S. dollar: Trump
President Donald Trump on Tuesday (July 8, 2025) claimed that BRICS was established to 'hurt" the U.S. and "degenerate" the dollar as he warned that the member countries of the bloc would face a 10% tariff. Mr. Trump made the remarks while talking to reporters at the sixth Cabinet meeting at the White House. 'They have to pay 10% if they are in BRICS,' he said. said BRICS was set up to 'hurt us" and "degenerate our dollar' and take the dollar off as the standard. 'And that's okay if they want to play that game, but I can play that game too. So anybody that's in BRICS is getting a 10% charge,' he said, adding that this will be happening 'pretty soon'. 'Well, if they're a member of BRICS, they're gonna have to pay a 10% tariff. Just for that one thing,' Mr. Trump said. Mr. Trump claimed that BRICS "largely broke up" but 'there are a couple that hang around". 'BRICS is not, in my opinion, a serious threat. But what they're trying to do is destroy the dollar so that another country can take over and be the standard, and we're not going to lose the standard at any time,' he said, adding, "If you have a smart president, you will never lose the standard." 'If we lost the world standard dollar, that would be like losing a war, a major world war; we would not be the same country any longer. We're not going to let that is king, we're going to keep it that way. 'If people want to challenge it, they can, but they're going to have to pay a big price, and I don't think any of them are willing to pay that price,' Mr. Trump said. Leaders of the BRICS nations -- Brazil, Russia, India, China, South Africa, Saudi Arabia, Egypt, United Arab Emirates, Ethiopia, Indonesia, and Iran -- met in Brazil for the 17th BRICS Summit on July 6-7. Mr. Trump on Sunday (July 6, 2025) threatened to impose an additional 10% tariff on countries aligning themselves with the 'anti-American' policies of the BRICS grouping.
Time of India
3 hours ago
- Time of India
Modi, Lula agree to boost defence, counterterror ties; PM receives Brazil's highest civilian honour
New Delhi: Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva held wide-ranging discussions in Brasilia on Tuesday and agreed to expand bilateral defence and counterterror partnerships. They also decided to deepen cooperation in the framework of Global South. Modi arrived in the Brazilian capital Brasilia on Monday, marking the second leg of his visit to Brazil after concluding a "very productive" trip to Rio de Janeiro for the 17th BRICS Summit. Upon his arrival, the PM was received at the airport by Brazil's defence minister Jose Mucio Monteiro Filho. Later in the day, Modi was conferred with Brazil's highest civilian award, the Grand Collar of the National Order of the Southern Cross. The honour was presented by Brazilian President Lula in recognition of the PM's contributions to strengthening bilateral relations and enhancing India-Brazil cooperation across key global platforms. This is the 26th international honour bestowed upon the PM by a foreign government since he assumed office in May 2014. India's ambassador to Brazil, Dinesh Bhatia, had said on Sunday that both sides are expected to sign four agreements. These will cover cooperation in renewable energy, counterterrorism, agricultural research and exchange & mutual protection of confidential information. The trade relationship between India and Brazil remains strong. In 2024-25, bilateral trade reached $12.2 billion. India and Brazil since 2020 have been focusing on defence industry partnership. Live Events A defence agreement signed in 2003 was ratified in 2006. It created a Joint Defence Committee as an institutional mechanism. With a total of 14 exchanges at the level of chiefs, the last two years stand out with the Chief of the Air Staff visiting Brazil and chiefs of the Brazilian army, navy and air force visiting India in quick succession. Brazil's air force is in the process of modernising its fleet and has shown interest in collaborating with India. Brazil has also shown keen interest in missile systems, particularly the BrahMos and Akash. The Akash system could enhance Brazil's air defence infrastructure. Brazil's air force product Embraer has developed C-390 Millennium and India has shown interest in that collaboration. Economic Times WhatsApp channel )
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Business Standard
4 hours ago
- Business Standard
Trump says Brics aims to hurt us, threatens 10% tariff on member nations
Trump on Sunday threatened to impose an additional 10 per cent tariff on countries aligning themselves with the anti-American policies of the BRICS grouping Press Trust of India New York/Washington President Donald Trump on Tuesday claimed that BRICS was established to hurt" the US and "degenerate" the dollar as he warned that the member countries of the bloc would face a 10 per cent tariff. Trump made the remarks while talking to reporters at the sixth Cabinet meeting at the White House. They have to pay 10 per cent if they are in BRICS, he said. Trump said BRICS was set up to hurt us" and "degenerate our dollar and take the dollar off as the standard. And that's okay if they want to play that game, but I can play that game too. So anybody that's in BRICS is getting a 10% charge, he said, adding that this will be happening pretty soon. Well, if they're a member of BRICS, they're gonna have to pay a 10% tariff. Just for that one thing, Trump said. Trump claimed that BRICS "largely broke up" but there are a couple that hang around". BRICS is not, in my opinion, a serious threat. But what they're trying to do is destroy the dollar so that another country can take over and be the standard, and we're not going to lose the standard at any time, he said, adding, "If you have a smart president, you will never lose the standard." If we lost the world standard dollar, that would be like losing a war, a major world war; we would not be the same country any longer. We're not going to let that is king, we're going to keep it that way. If people want to challenge it, they can, but they're going to have to pay a big price, and I don't think any of them are willing to pay that price, Trump said. Leaders of the BRICS nations -- Brazil, Russia, India, China, South Africa, Saudi Arabia, Egypt, United Arab Emirates, Ethiopia, Indonesia, and Iran -- met in Brazil for the 17th BRICS Summit on July 6-7. Trump on Sunday threatened to impose an additional 10 per cent tariff on countries aligning themselves with the anti-American policies of the BRICS grouping. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
