In this week’s round-up: Donald mistakes Spain for BRICS member, sticks to tariff threat; Nigeria officially becomes second African country to join BRICS as partner country; Bangladesh yet to benefit from BRICS bank; China rejects Trump’s 100% tariff talk, reaffirms BRICS neutrality on global trade; Indonesia seeks to counter global rivalries as full BRICS member, pushes for UN reform.
Donald Trump mistakes Spain for Brics member and repeats tariffs threat
US President Donald Trump has apparently confused Spain for a member of Brics, causing some head-scratching and jitters over possible tariffs in Madrid.
Trump’s 100% tariffs on BRICS, how will India respond
United States President Donald Trump has warned BRICS nations of a 100% import tariff if they continue to try to reduce reliance on the US dollar in global trade.
Indonesia seeks to counter global rivalries as full BRICS member, pushes for UN reform
Indonesia, now a full BRICS member, aims to strengthen its global position by addressing international rivalries and advocating for comprehensive UN reforms to ensure fairer global governance and economic representation.
China welcomes Nigeria’s inclusion as BRICS partner country
China welcomes and congratulates Nigeria on joining BRICS as a partner country, Chinese foreign ministry spokesperson Mao Ning said.
Bangladesh yet to benefit from BRICS bank
Bangladesh has so far failed to reap any benefits of the BRICS-led New Development Bank (NDB) despite its entry into the new multilateral lender more than three years ago in 2021.
Nigeria officially becomes second African country to join BRICS as partner country
The Brazilian government, which currently holds the BRICS presidency, made the announcement, confirming Nigeria’s formal admission into the organisation.
Opinion | In the global marathon for tech supremacy, Brics’ size matters
Whether in the fourth industrial revolution semantics of Klaus Schwab or Beijing’s concept of “new productive forces”, major powers agree on one thing: competition in the 21st century to gain a geopolitical advantage is about commanding enough capital and scientific potential to win the tech race for new economic domains.
China to enhance practical cooperation with BRICS partners, MFA states
Beijing intends to increase practical cooperation with its BRICS partners in various sectors, Chinese Foreign Ministry spokesperson Mao Ning stated.
Nigeria’s new BRICS partner status sparks economic optimism, debate
Nigerian authorities said this week that the nation’s new partnership status with the BRICS bloc could unlock critical opportunities in trade, investment and agriculture.
China rejects Trump’s 100% tariff talk, reaffirms BRICS neutrality on global trade
China said BRICS doesn’t advocate confrontation and does not target any third party, days after US President Donald Trump’s assertion that 100 per cent tariffs would be imposed on the group if its member nations tried to cut dollar use in trade.
EBC Financial Group tracks market trends as BRICS expands across Asia and Africa
EBC Financial Group examines the implications of the largest expansion of BRICS. On January 6, Indonesia formally joined BRICS as a full member, marking the first Southeast Asian representation in the alliance. Earlier, on January 1, 2025, eight nations—Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Thailand, Uganda, and Uzbekistan—were added as partner countries. Most recently, Nigeria joined as a partner country.
