And this has made Trump very angry. As usual he has threatened the BRICS countries with additional tariff just for joining BRICS. Trump's attitude reminds me of the toxic bosses we have in our office. Where team members do not fight with him in the office because he got power, but if any day he is found alone in the road, will be trashed straight away.
Funny enough, his tariffs were one major reason why these countries finally joined BRICS. Most of them just want to watch and see what happens, but this seemed like a final blow. These countries just want to do business without so many complications, but the US make things more complicated.
The tariffs may not affect the big countries that much, but for developing countries, it will do more damage because they can't afford the extra cost, and their countries can make counter tariffs on the US, like China and Canada, because they will feel it more.
I don't fully buy into the gospel of BRICS, but I can understand why these countries would join them.
Trump is actually acting like a mad man. It seems he has started lobbying for peace Noble prize as well. If the noble committee finally decides to give him the peace Noble prize, the committee will loose all its credibility.
In a perfect world, one country should not become too powerful. A balance in power is essential for world peace. What Trump is doing, will eventually establish the global south as a contender of US in global trade.