Donald Trump has referred to tariffs as “the most beautiful word in the dictionary”. And now the US President has unleashed the most aggressive surge in American trade protectionism in almost a century.
BRICS avowedly seeks to challenge Western-dominated institutions of global economic governance, as well as to displace the US dollar from its entrenched role in the world economy. Its job just got easier thanks to Trump.
The Trump administration's recent move to impose tariffs on Chinese, Mexican and Canadian goods as well as steel and aluminium imports in general is once again breaking with long-standing US trade policy, Statista reports.
What has gone wrong with the world? Protests and wars have broken out across the globe. Analysts are warning that weak countries could face problems but the strong ones are suffering from a deeper long term rot that will change the world order.
Indonesia has formally decided to become a member of the BRICS-affiliated New Development Bank, just months after fully integrating into the China-led economic alliance
Global energy demand growth surged in 2024 to almost twice its recent average, driven by rapidly rising electricity use, the International Energy Agency said in its global energy review 2025 report on March 23.
Welcome to the new world order. Values and liberal democracy is giving way to a world run on the basis of deals.
The world's population has more than doubled over the last 60 years, but global food production has managed to keep up, Our World in Data (OWID) reports.
US-South Africa relations have tanked since Donald Trump took office. In the latest salvo, Washington has expelled South Africa’s ambassador, whom Marco Rubio called a “race-baiting politician” who “hates America” and Trump.
Brasilia hosted the first BRICS Sherpas meeting under the Brazilian Presidency on February 24-25, bringing together representatives from all 11 member countries at the Itamaraty Palace.
Foreign farmers and agricultural workers are increasingly migrating to South Africa from neighbouring countries, attracted by higher wages and better opportunities.
Brazil will host leaders from the BRICS nations and their new members in Rio de Janeiro on July 6-7, as the burgeoning bloc faces growing pressure from the US over plans to reduce dollar dependence in trade.
Brazil will not pursue a common BRICS currency during its presidency of the bloc this year, focusing instead on facilitating trade in local currencies despite warnings from US President Donald Trump about challenging dollar dominance.
Preliminary data from the International Energy Agency (IEA) indicates that global coal imports rose by 2.4% in 2024, reaching 1.5bn tonnes for the year.