America will impose 10% extra tariffs on all BRICS countries including India, well with trade deal
US President Donald Trump said on Tuesday that 10 percent extra tariff will be imposed on all BRICS countries including India. Trump accused BRICS countries of weakening the US dollar. Donald Trump has made this new threat in a cabinet meeting today, which he himself was chaired by. During the meeting, he was questioned about India’s leading trade partner India that what is the attitude taken with New Delhi, which is part of the Global South Block? In response to this question, Trump said, “India will be no exception to be a part of BRICS. If India is part of BRICS, they will have to pay an additional 10% additional tariffs. ”
Which countries are included in the BRICS block
The US President once again alleged that BRICS was trying to weaken the dollar. However, he also said that he does not consider BRICS a real threat to the US. Trump’s statement about India has come at a time when both countries have reached very close to the trade deal. Let us tell you that there are a total of 11 countries including India and China in the BRICS. The group includes Brazil, Russia, India, China, South Africa, Saudi Arabia, Egypt, UAE, Ethiopia, Indonesia and Iran. Let us tell you that the old name of BRICS is BRIC, with B to Brazil, R to Russia, I from India and C China. However, it became BRIC with BRIC after South Africa joined this group.
PM Modi has reached Brazil to attend BRICS conference
According to media reports, the new tariff on BRICS will not apply immediately. The US plans that this new and additional tariffs on BRICS countries will be applicable only when any country associated with the group will take specific policy steps considered to be “anti -America”. Donald Trump on Monday gave a direct warning to the member countries of the BRICS block, saying that whichever country would be associated with “anti -America” policies, they would have to face an additional 10% tariff. Let us tell you that the conference of BRICS countries is going on in Brazil, in which Prime Minister Narendra Modi is also participating.
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