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The initiative could irritate the US, which has warned against any moves to bypass the dollar
India will try to promote the developmental aspects of BRICS instead of framing it as an anti-Western gathering. But it will participate in the group’s efforts to bring about a multi-polar world. The recent US-EU tussle will help BRICS’ campaign
The exercise held in South African waters comprised the navies of China, Russia Iran, Egypt, Indonesia, Saudi Arabia and the UAE among others
Chinese, Russian and Iranian warships have arrived off South Africa for week-long naval drills, raising geopolitical tensions as US-South Africa ties strain over Venezuela, Iran, and growing BRICS military cooperation.
The visit, undertaken at the invitation of Ethiopian Prime Minister Abiy Ahmed Ali, is PM Modi’s first official visit to Ethiopia and his third visit to Africa this year.
Lower battery storage tariffs seen boosting renewable integration; govt outlines global partnerships.
Experts and officials across the world have since rejected Trump’s claim as baseless, pointing out that the grouping continues to gain strength and global relevance.
President Donald Trump outlined tariffs on BRICS nations, calling the bloc “against the dollar” and warning of 100% tariffs if they pursued de-dollarisation, amid India’s push to uphold multilateral trade rules.
Bhutan’s Prime Minister Tshering Tobgay made a direct appeal for change, describing India and Japan as “deserving nations” for permanent membership.
Jaishankar emphasised the need for the bloc to reinforce principles of peacebuilding, dialogue, diplomacy, and adherence to international law in a turbulent global environment.
Brazil is the current chair of the BRICS. The 10-member grouping also includes India, China, Russia, South Africa, Indonesia, Iran and the United Arab Emirates.
The BRICS summit will follow a crucial meeting between China’s President Xi Jinping and PM Modi in Tianjin over the weekend
India is preparing to take over the leadership of BRICS from the current president, Brazil.
From Europe to Asia, governments accuse Trump of using tariffs as a political weapon. His targets aren’t just rivals like China or Russia, but even long-time allies are getting hit.
In trying to undercut the bloc he sees as a threat to US dominance, Trump may be doing exactly what BRICS’ founders once dreamed of -- forging it into a coherent, coordinated force against American trade pressure.
US tariffs on Indian exports are set to rise, influenced by geopolitical issues like India’s ties with Russia and BRICS. Negotiations for a trade deal remain complex, requiring careful diplomacy from India
Trump on Wednesday announced that the US would impose a 25 percent tariff on all goods coming from India starting August 1, plus an unspecified penalty for buying Russian crude oil and military equipment.
Intra-BRICS investments and trade have increased faster over the last decade, with more emphasis on local currency agreements.
US President Donald Trump on Tuesday said that the tariff letters issued by him themselves meant trade deal with the countries.
Trump said that the US will impose an additional 10% tariff on any countries aligning themselves with so-called 'anti-American policies' of the BRICS
The BRICS group now accounts for approximately a quarter of global trade and investment flows.
US-Brazil relations slid into crisis after Trump criticised the high-profile coup trial of right-wing ally, ex-president Jair Bolsonaro.
On Sunday, BRICS leaders described Trump's stop-start tariff wars as "indiscriminate," damaging, and illegal, drawing a late-night rebuke from the pugilistic US president.
The minister was speaking at the BRICS Finance Ministers and Central Bank Governors (FMCBG) meeting held in Rio de Janeiro, Brazil.
PM Modi's comments on critical minerals came amid concerns over China restrictions on the export of the vital resources as well as its non-transparent policy approach in the sector
