BRICS, Donald Trump and tariff
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BRICS officials kept their collective heads down on Monday morning as they awoke to an overnight threat by US President Donald Trump to penalize them for adopting policies he said were “anti-American.
Trump alleged BRICS was “set up to hurt us, to degenerate our dollar,” and warned that nations trying to undermine the dollar would “pay a big price.”
Trump and his aides have repeatedly shifted their stance on tariffs in the weeks since the president’s “Liberation Day” announcement.
The Brazilian president criticized NATO's decision to hike military spending by 5 percent of GDP annually by 2035.