The BRICS bloc of growing nations adopted a declaration on Sunday condemning elevated unilateral tariffs — however averted mentioning the US or President Trump by identify.
The group’s assertion, issued at a two-day summit in Brazil, raised “critical issues” with the tariffs, saying they’re “inconsistent” with the principles of the WTO and threaten to “scale back international commerce, disrupt international provide chains, and introduce uncertainty.”
“We voice critical issues in regards to the rise of unilateral tariff and non-tariff measures which distort commerce and are inconsistent with WTO guidelines,” the declaration learn.
“On this context, we reiterate our help for the rules-based, open, clear, truthful, inclusive, equitable, non-discriminatory, consensus-based multilateral buying and selling system with the World Commerce Group (WTO) at its core, with particular and differential therapy (S&DT) for its growing members,” the group added.
The declaration comes as the 90-day pause Trump issued on his sweeping international “reciprocal” tariffs on particular person international locations world wide nears an finish.
Every week after the tariffs have been introduced on April 2, a 90-day pause went into impact to permit international locations the time to barter commerce offers with the Trump administration.
Trump and Treasury Secretary Scott Bessent have said that letters to U.S. trading partners are going out on Monday to inform different international locations that the tariff charges will “boomerang again” to the upper charges on Aug. 1 for international locations that file to strike a take care of the U.S. sooner.
The BRICS group additionally criticized NATO’s determination to extend protection spending to five p.c of GDP by 2035 — a call prompted by Trump’s insistence that Europe shoulder extra of the alliance’s protection burden.
Trump appeared to respond to the BRICS declaration, threatening to impose a further 10 p.c tariff on international locations “aligning” themselves with the BRICS bloc of growing nations.
“Any Nation aligning themselves with the Anti-American insurance policies of BRICS, shall be charged an ADDITIONAL 10% Tariff. There shall be no exceptions to this coverage. Thanks on your consideration to this matter!” Trump wrote in a Fact Social publish Sunday night.
BRICS was based by Brazil, Russia, India, China and South Africa, however the group final yr expanded to incorporate Indonesia, Iran, Egypt, Ethiopia and the United Arab Emirates.
Trump has threatened to impose 100% tariffs in opposition to the bloc if it takes any transfer to undermine the greenback.
The Related Press contributed.