What is global response to trumps 100 % tariff to BRICS ?

Introduction

As of now, there has been limited direct global response to Trump’s threat of 100% tariffs on BRICS nations, as the announcement is very recent. However, we can infer some potential reactions based on the information provided:

BRICS Nations’ Stance

No immediate official responses have been reported from BRICS countries.

The BRICS alliance has been exploring ways to reduce reliance on the U.S. dollar, which prompted Trump’s threat.

Potential Economic Impact

A 100% tariff would effectively double the price of goods imported from BRICS countries to the U.S., potentially disrupting global trade.

This could significantly affect major U.S. trading partners like India and China.

Diplomatic Tensions

Trump’s aggressive economic posturing may strain diplomatic relations with BRICS nations.

The threat could escalate existing trade tensions, particularly with China.

Canadian Response

While not directly related to the BRICS threat, Canadian Prime Minister Justin Trudeau’s recent meeting with Trump provides insight into how allies are responding to Trump’s tariff threats:

Trudeau had an “excellent conversation” with Trump at Mar-a-Lago.

Canada emphasized its commitment to working with the U.S. as its closest friend and ally.

Mexican Response

Similarly, Mexican President Claudia Sheinbaum’s reaction to earlier tariff threats may indicate how countries might respond:

Sheinbaum stated that immigration and drug issues “cannot be resolved through threats or tariffs.”

She emphasized the need for cooperation and mutual understanding.

Conclusion

It’s important to note that the global response is still developing, and more concrete reactions from BRICS nations and other international actors may emerge in the coming days.