Trump has threatened to impose 100% tariffs against the bloc if they take any moves to undermine the dollar. Last year, at the summit hosted by Russia in Kazan, the Kremlin sought to develop alternatives to U.S.-dominated payment systems which would allow it to dodge Western sanctions imposed after Russia’s invasion of Ukraine in February 2022

At the BRICS Summit in Rio de Janeiro, Brazil, addressed the session on ‘Peace and Security and Reform of Global Governance.’ Expressed my views on why the voice of the Global South is more important than ever before and why it’s essential that global institutions provide… pic.twitter.com/XNqG8v1BXk

The BRICS bloc of developing nations on Sunday condemned the increase of tariffs and attacks on Iran, but refrained from naming U.S. President Donald Trump. The group’s declaration, which also took aim at Israel’s military actions in the Middle East,