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The Latest Breaking News from BRICS

Trump threatens 50% tariffs on India over ties to Russia and Brics bloc

White House move follows India’s oil purchases from Russia and comes amid broader Trump push for trade ‘reciprocity’

The Guardian - US

Donald Trump warns that US could strike Iran's nuclear sites again 'if necessary'

"We will do it again, if necessary!" US President Donald Trump warned after Iran's foreign minister said three nuclear facilities had been badly damaged in strikes in June.

Euronews

Trump Ally Jair Bolsonaro Hit With Restraining Order As Brazil Supreme Court Cracks Down: Marco Rubio Calls It 'Political Witch Hunt'

Brazil’s Supreme Court has intensified its legal actions against former President Jair Bolsonaro, issuing search warrants and restraining orders. This development follows allegations that Bolsonaro sought interference from U.S. President Donald Trump.

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

Decoding hints that Xi Jinping may be under pressure to relinquish some of his power

Political and economic pressures might force Chinese president and overall leader Xi Jinping to delegate some of his powers to his deputies in a highly significant move. This has prompted some observers and media outlets to speculate that Xi’s grip on power may be waning.

The Conversation

Trust in the US is eroding. The question isn’t if the dollar will lose supremacy – it’s when

De-dollarisation is not a threat to global stability. Countries are simply questioning the rules of a game long rigged in Washington’s favour

The Guardian - UK

The Guardian view on Brics growing up: A new bloc seeks autonomy – and eyes a post-western order

Editorial: The expanding group of emerging powers is building new rules, new tools and a shared industrial future – with or without Donald Trump

The Guardian - UK

A ‘pissed’ Trump explodes after BRICS gathering sends him into a geopolitical rage spiral

The president prefers this aggresive tactic, even at the cost of making life difficult for Americans.

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Why Is Trump Lashing Out At Brazil?

US President Donald Trump has announced a 50 percent tariff on Brazilian imports as he accused the country's leftist leadership of orchestrating a "witch hunt" against his right-wing ally, former leader Jair Bolsonaro.

International Business Times

Trump’s trade war chaos has U.S. allies asking ‘Is this how America treats its friends?’ as majorities now see America as biggest threat

Deeply regrettable friendship.

We Got This Covered

Brazil Summons US Envoy Over Criticism Of Bolsonaro Trial

Brazil said Wednesday it had summoned the US charge d'affaires in a diplomatic row following President Donald Trump's criticism of the coup trial of his right-wing ally, ex-leader Jair Bolsonaro.

International Business Times

Why is Trump threatening higher tariffs on ‘anti-American’ Brics nations?

US president threat of additional 10 per cent levy on Brics members deepens rift with influential bloc

The Independent UK

Brics is sliding towards irrelevance – the Rio summit made that clear

The Brics group of nations has just concluded its 17th annual summit in the Brazilian city of Rio de Janeiro. But, despite member states adopting a long list of commitments covering global governance, finance, health, AI and climate change, the summit was a lacklustre affair.

The Conversation

Trump’s new tariffs: Who is hit, what’s next, how is the world responding?

Trump sent tariff letters to 14 countries including South Korea, Japan, Malaysia and Bangladesh.

Al Jazeera

Donald Trump threatens ‘un-American’ BRICS countries with 10 percent tariff

Brazilian President Lula responded to Trump’s tariff threats by saying the world does not ‘want an emperor’.

Al Jazeera

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International Business Times

Trump, Brazil's Lula Clash Over Politically Charged Coup Trial

US-Brazil relations slid into crisis Monday after President Donald Trump criticized the high-profile coup trial of his right-wing ally, ex-president Jair Bolsonaro.

International Business Times UK

Trump Threatens Extra 10% Tariff on Countries Siding With BRICS, Calls Alliance 'Anti-American'

Donald Trump issued a warning, saying that countries backing the BRICS alliance would face an additional 10% tariff.

Al Jazeera

BRICS condemns attacks on Iran, Gaza war, Trump tariffs: Key takeaways

Bloc takes firm positions at summit on key global conflicts while avoiding criticism of Russia for the Ukraine war.

International Business Times

BRICS' Criticism Brings Trump 10% Tariff Threat

US President Donald Trump threatened China, India, and some of the world's fastest-emerging economies with higher import tariffs, hitting back at BRICS' criticism of his trade policies as the bloc meets Monday.

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The Conversation

Nations are increasingly ‘playing the field’ when it comes to US and China – a new book explains explains why ‘active nonalignment’ is on the march

In 2020, as Latin American countries were contending with the triple challenges of the COVID-19 pandemic, a global economic shock and U.S. policy under the first Trump administration, Jorge Heine, research professor at Boston University and a former Chilean ambassador, in association with two colleagues, Carlos Fortin and Carlos Ominami,…

The Guardian - UK

Brics summit in Brazil tries to reinvent collective approach to world’s problems

President Lula rebukes wealthy countries for retreating on climate and trade but bloc is divided and unbalanced

The Independent UK

Trump warns countries with ‘anti-American policies’ will see tariffs rise

IN FULL

The Independent UK

Trump threatens extra 10% tariff on countries with ‘anti-American policies’

Trump warns there will be no exceptions to policy on countries agreeing with Brics

Barchart

Stocks Set to Open Lower as Trade Worries Return

September S&P 500 E-Mini futures (ESU25) are down -0.34%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.53% this morning, starting the week on a downbeat note as uncertainty surrounding U.S. tariffs remains elevated ahead of the July 9th deadline to complete trade negotiations.

The Guardian - AU

Middle East crisis: Trump calls for Gaza hostages release ahead of Netanyahu meeting at the White House – as it happened

US president will host Israeli prime minister following joint strikes against Iran

The Guardian - UK

EU’s von der Leyen has ‘good exchange’ on trade with Trump, as US threatens Brics group with extra 10% tariff – as it happened

Rolling coverage of the latest economic and financial news, as Trump declares ‘tariff letters and/or deals’ will be delivered from 12:00 PM (Eastern) today (5pm BST)

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Luiz Inacio Lula da Silva

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