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Trump's Concerns Over BRICS

During a recent press briefing, White House Press Secretary Karine Jean-Pierre stated that President Donald Trump believes BRICS is undermining U.S. interests. He aims to ensure that America is treated fairly on the global stage. Jean-Pierre emphasized that Trump is prepared to take any necessary actions to prevent countries from exploiting the United States and its citizens.

Monitoring the BRICS Summit

The 17th BRICS summit, hosted by Brazil on July 6-7, brought together leaders from Brazil, Russia, India, China, South Africa, and new members including Egypt, Ethiopia, Iran, the UAE, and Indonesia. Trump has been closely observing the summit, viewing these nations as a potential threat to American interests.

Warning Against Anti-American Policies

Jean-Pierre's remarks followed Trump's stern warning to countries supporting BRICS' anti-American policies. In a post shared on Truth Social, Trump stated that any nation aligning with BRICS would face an additional 10% tariff on goods.

Implementation of Additional Tariffs

The proposed 10% additional tariff will apply to any country that associates with BRICS' anti-American stance, with no exceptions. Trump's statement reflects a tough stance from the U.S. administration against growing opposition from BRICS nations. This response came after a joint statement from BRICS finance ministers and central bank governors, which expressed concerns over unilateral trade and financial actions, including tariff increases.

BRICS Members Show Resilience

The joint statement highlighted that BRICS members have demonstrated resilience in the current challenging environment. They committed to maintaining and strengthening a non-discriminatory, open, fair, inclusive, transparent, and rules-based multilateral trading system, while avoiding trade wars that could lead to global economic downturns.

BRICS' Global Impact

Overall, BRICS nations—Brazil, Russia, India, China, and South Africa, along with several other developing countries—represent nearly half of the world's population and account for about 40% of global GDP. The BRICS group now constitutes approximately a quarter of global trade and investment flows.

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