Ro_Patel
Jul 7, 6:41 PM
President Trump threatens to impose an additional tariff on countries that align themselves w/ the policies of BRICS nations
BRICS countries — originally comprising Brazil, Russia, India & China, and later expanded to include South Africa in 2010, Indonesia, Egypt, Ethiopia, Iran & UAE joined last year & Indonesia this year — began a 2-day summit on Sunday in Rio
There is growing interest from emerging economies to join the bloc w/ more than 30 nations queueing up for membership
The group issued a statement that appeared to criticize Trump admin’s tariffs & foreign policies, though it did not directly mention the President or the US.
BRICS statement takes aim at “unilateral tariff & non-tariff barriers” that “skew global trade and flout WTO regulations”
Group represents nearly half the world's population, 39% of global GDP, & collectively to grow at 3.4% this year
https://shorturl.at/ed37X
$EEM $FXI $BKF -
$UUP $SPY
