Trump has threatened to impose 100% tariffs against the bloc if they take any moves to undermine the dollar. Last year, at the summit hosted by Russia in Kazan, the Kremlin sought to develop alternatives to U.S.-dominated payment systems which would allow it to dodge Western sanctions imposed after Russia’s invasion of Ukraine in February 2022

Brazilian President Luiz Inácio Lula da Silva criticized President Donald Trump’s threat of extra tariffs on member countries, declaring “The world has changed. We don’t want an emperor”. Lula rejected any suggestion of U.

The Trump administration does not intend to immediately impose an additional 10% tariff against BRICS nations, as threatened, but will proceed if individual countries take policies his administration deems "anti-American,