Brief by Shorts91 NewsDesk / 05:25am on 19 Jul 2025,Saturday Business
U.S. President Donald Trump reiterated his threat to impose a 10% tariff on imports from BRICS nations, warning the group would "end very quickly" if it formed meaningfully. He accused BRICS of promoting "anti-American policies" and pledged to preserve the dollar’s global reserve status, rejecting any central bank digital currency in the U.S. The BRICS bloc, which expanded to include Iran and Indonesia, has denied being anti-American and is advancing BRICS Pay for local currency transactions. Brazil dropped plans for a common currency. Trump also announced a 50% tariff on Brazilian imports starting August and launched a probe into its trade practices. (PC: The Tribune & X)
