Trump proposes an additional 10% tariff on nations aligned with BRICS following the group's criticism of his tariffs as 'unjustified.' BRICS members include Brazil, Russia, India, China, and South Africa, characterized by rapid economic growth and abundant natural resources. Initially formed as BRIC, the group expanded to include South Africa in 2010, with Saudi Arabia and others set to join in 2024. They operate as a cohesive trading block, countering Western economic dominance. China's Foreign Ministry opposes Trump's tariff threats as coercive.
The BRICS nations, which include Brazil, Russia, India, China, and South Africa, are among the fastest-growing economies due to low labor costs and vast natural resources.
Originally dubbed 'BRIC', the coalition expanded when South Africa joined in 2010, with Saudi Arabia, Iran, Ethiopia, the UAE, and Egypt expected to join in 2024.
The BRICS group functions as a unified trading organization to increase their global influence and challenges the economic and political dominance of the West.
China's Foreign Ministry responded to Trump's 10% tariff threat, stating that Beijing opposes using tariffs as a coercive tool against other nations.
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