Donald Trump’s tariff (Trump Tariff) has once again started creating a stir in the world. On Monday, Trump has announced to impose fresh tariff on 14 countries including Japan-South Korea. Earlier, while targeting BRICS, the US President gave a big warning that any country that goes against US Policy will be imposed 10% Extra Tariff. The member countries of BRICS have strongly criticized this warning of Trump. Let us explain in detail what is the reason due to which BRICS countries are on Trump’s target (Why BRICS Is Trump Target) and what will be the effect of these extra tariffs on these countries, which also include India?
What is BRICS?
Before understanding the meaning of Trump’s extra tariff, it is important to know what exactly is BRICS? So let us tell you that this is a group of emerging economies of the world. Its founding member countries are Brazil, Russia, India, China and South Africa. In fact, its name is also made up of the first letters of these five countries.
BRICS was established in 2009 and on January 1, 2024, Iran, Egypt, Ethiopia, Indonesia and the United Arab Emirates were included in the organization. Saudi Arabia also participates in the group’s activities as an invited nation, although it has not yet officially joined. The objective of BRICS is to increase economic cooperation, development and global balance in countries with emerging economies.
The US President wrote in his post on Truth Social Account that any country that supports the anti-American policy of BRICS will be charged an extra tariff of 10 percent and there is no scope for any kind of exemption in this policy of America. Let us tell you here that US Tariff was criticized in a declaration issued after the recently concluded BRICS summit in Rio de Janeiro, Brazil, after which this sharp reaction of Donald Trump has come to the fore.
That’s why Trump is targeting BRICS!
Now the question arises whether criticism of tariff is the only reason for Donald Trump to target BRICS, or are there other reasons behind it. In many reports, citing experts, the first thing being said is that due to the sharp fall in the US currency dollar this year and the slowdown in the US economy in the recent past, Trump feels that everyone is conspiring against America.
A big question here is whether Trump’s threat of extra tariff can also become a cause of trouble for India? This is because India is one of the founding members of BRICS and has recently signed the BRICS declaration in which US tariff was criticized. This question also becomes important because the final seal on the trade deal between India and America is yet to be put amidst the tariff war. However, Trump, while announcing fresh tariffs on 14 countries on Monday, has said about the India-US Trade Deal that we are close to making a deal with India.
