President Trump’s imposition of additional tariffs on India, leading to cumulative tariffs of 50%, is creating a new scenario in global trade for the BRICS countries and the overall global economy as it sets up a ‘clash’ between two major economies. Behind this move, political reasons seem to be at play, as the Trump administration seeks to assert its power and negotiate better terms for the United States in international trade relations. The aggressive tariff approach adopted by Trump is causing tension within the BRICS group, which includes Brazil, Russia, India, China, and South Africa. This new wave of protectionism is likely to have ripple effects across the global market, potentially leading to retaliation from affected countries.
