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AU Financial Review

BRICS nations hit back at ‘emperor' Trump over tariff threats

Rio de Janeiro | Leaders at the BRICS summit of developing nations have lashed out at US President Donald Trump's latest threat of an extra tariff on nations aligning with the bloc while vowing to double down on efforts to move away from the US dollar. The 11-nation group, which includes China, Russia and Iran, had already criticised Washington's unilateral tariffs and attacks on Iran in a final statement from its Rio de Janeiro meeting, without mentioning the US by name. However, a social media post by Trump on Sunday night threatening a 10 per cent extra tariff on pro-BRICS countries raised tempers. Financial Times