Over the weekend, Trump warned BRICS nations, including India, to prepare for a 100 percent increase in tariff rates if they persist in efforts to diminish the US dollar's role in the global economy.

U.S. President Donald Trump said on Thursday that BRICS nations could face 100% tariffs from the United States "if they want to play games with the dollar." Trump warns BRICS nations could face 10 ...

Brics currently has 11 members (Brazil, Russia, India, China, South Africa, Egypt, Iran, UAE, Saudi Arabia, Ethiopia and Indonesia), whose share of the global economy amounts to about 40 per cent.

The Brazilian government announced Saturday that the next BRICS summit will take place in Rio de Janeiro on July 6-7.

Nigerian authorities said this week that the nation’s new partnership status with the BRICS bloc could unlock critical opportunities in trade, investment and agriculture. Nigerian President Bola ...