Despite the China-backed initiative making limited progress, dozens of nations are still eager to join.US President Donald Trump is doubling down against the BRICS bloc of fast-growing economies -- including Brazil,

President Donald Trump threatened to add a 10% tariff rate on BRICS-aligned countries. The term first applied to 4 countries but the group expanded.

India is trying to shield itself from President Donald Trump’s backlash against BRICS by stressing it has no plans to challenge the US dollar’s global dominance, according to people familiar with the matter.

BRICS, formed in 2009, is the only major international group of which the US is not a part. Its other members are South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates.

The BRICS bloc is made up of 11 nations, with Brazil, Russia, India, China, and South Africa making up the core group. The bloc has drawn Trump's ire before.

Donald Trump has threatened an additional 10 per cent tariff on countries that align themselves with the Bric alliance. The US President described moving towards the emerging bloc as "anti-American" and warned there would be no exception to the rule.

President Donald Trump said in a Truth Social post that countries aligned with BRICS face an additional 10% tariffs.

President Donald Trump proposed a new 10% tariff on any product from countries that are part of the BRICS bloc, chucking a fiery new grenade into the global economy as the July 9 trade deadline moves closer.

Canadian Prime Minister Mark Carney says Canada will keep working toward a new trade framework with the United States despite U.S. President Donald Trump saying he'll raise taxes on many imported good