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Heads of state and government of member, partner, and external engagement countries applaud during the family photo at the BRICS summit in Rio de Janeiro, Brazil, on July 7, 2025

BRICS' Criticism Brings Trump 10% Tariff Threat

US President Donald Trump threatened China, India, and some of the world's fastest-emerging economies with higher import tariffs, hitting back at BRICS' criticism of his trade policies as the bloc meets Monday.
Oil prices sank after key producers said they would ramp up output more than expected next month

Asian Markets Drop As Trump's Tariff Deadline Looms

Most Asian markets fell Monday as countries fought to hammer out trade deals days before Donald Trump's tariff deadline, though investors took heart after he said the levies would not kick in until the start of next month.

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