Global Daily Tax News, BRICS Nations Mustering United Front Against US Tariffs, (Aug 25, 2025)

BRICS nations India, Russia, and China have indicated they will strengthen economic ties, in response to the US's imposition of a 50-percent tariff on Indian goods.

The 50-percent tariff – equal to that imposed on another BRICS member, Brazil – was introduced on Indian goods to challenge the nation's acquisition of Russian energy.

India and Russia have newly announced they will deepen economic ties, and China's Ambassador to India has publicly spoken out against the US Administration's use of tariffs to "bully" its trade partners into submission.

Previously, Trump said the US would introduce an additional 10-percent levy on any country "aligning [itself] with Anti-American policies of [the] BRICS [countries]."