U.S. President Donald Trump has threatened a 10% tariff on all BRICS member countries, claiming the bloc was "set up to hurt" the United States by undermining the dollar.
A planned 10% U.S. tariff targeting BRICS nations will be triggered only if they adopt policies deemed "anti-American", a source close to the Trump administration said, amid trade talks and denials from bloc members.
The BRICS member countries have reached a new agreement to establish a multilateral financial guarantee mechanism aimed at supporting sustainable development projects, including the energy transition, the expansion of renewable energy, and the strengthening of resilient infrastructure.
BRICS leaders meeting in Rio de Janeiro have condemned attacks on Iran, Gaza and Kashmir, while presenting the expanded bloc as a rising force for multilateralism in a world dominated by U.S.-led policies.
Leaders of the expanding BRICS alliance are set to meet in Rio de Janeiro on Sunday, aiming to position the group as a champion of multilateralism and a counterbalance to traditional Western-led institutions.
Vietnam officially joined BRICS as its 10th partner country, announced the Brazilian Foreign Ministry.
Colombian President Gustavo Petro announced on May 16 that his country has started the process of joining the New Development Bank of BRICS.
Foreign ministers from the enlarged BRICS bloc met in Brasília on Thursday, where host Mauro Vieira urged the group to craft “practical pathways” for resolving global conflicts and strengthening multilateral security ahead of the leaders’ summit later this year.
Indonesia will officially become a member of the New Development Bank (NDB), a multilateral financial institution established by BRICS nations, President Prabowo Subianto announced on Tuesday.
Brazil announces Nigeria's acceptance as a partner country in BRICS, highlighting shared interests and Nigeria's growing role in global governance and the Global South.
Indonesia is formally joining the BRICS group of major emerging economies as a full member.
Nine countries will join BRICS as partner states in January 2025, gaining limited participation rights, as outlined in the Kazan Declaration.
President Putin announced Russia's AI Alliance Network with BRICS nations and other partners, aiming to challenge U.S. dominance in AI. This collaboration seeks to advance research, regulation, and market opportunities in the AI sector.
Work will continue on the BRICS settlement system despite U.S. President-elect Donald Trump's threat to impose 100% import duties on countries that try to undermine the dollar, the RIA news agency cited a senior Russian official as saying on Friday.
Trump warns BRICS nations against creating a rival currency to the U.S. dollar, threatening 100% tariffs. Putin praises BRICS as a pillar of a new world order.
Türkiye has been offered partner country status by the BRICS group, Trade Minister Omer Bolat confirmed, as Ankara seeks to balance its Eastern and Western ties. While considering potential BRICS membership, Türkiye views the partnership as an opportunity for enhanced economic cooperation.
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