The president's statement comes as the trading bloc including Brazil, Russia, India, China, and South Africa (BRICS) is meeting in Rio de Janeiro this week.

Brazil scrambled to craft a measured but strong response to US President Donald Trump’s surprise tariff hike on Thursday in hopes of shielding key industries, while analysts predicted the tariffs would drive the country closer to China.

Trump has previously threatened tariffs on the BRICS countries, apparently in response to efforts to undermine the dollar. In November 2024, he posted on Truth Social a threat to issue a 100% ...

Malaysia pursues an independent foreign and economic policy and is focused on trade facilitation rather than ideological alignment, Malaysia's trade ministry said.

Trump has previously threatened tariffs on the BRICS countries, apparently in response to efforts to undermine the dollar. In November 2024, he posted on Truth Social a threat to issue a 100% ...