Market
Which BRICS country will face a 100% US tariff first by the end of 2025?
2
Resolution / Starting Odds
Brazil • 20%
Russia • 20%
India • 20%
China • 20%
South Africa • 20%
Official announcements from the U.S. government or Department of Commerce
Story
Trump Mistakenly Labels Spain as BRICS Member, Threatens 100% Tariffs on BRICS
Jan 21, 2025, 06:45 AM
U.S. President Donald Trump mistakenly referred to Spain as a member of the BRICS group during a press interaction in the Oval Office. The BRICS acronym represents Brazil, Russia, India, China, and South Africa, a coalition of emerging economies, and Spain is not part of this group. Trump's error occurred while discussing NATO defense spending, where he criticized Spain's low contribution. He threatened to impose a 100% tariff on business transactions between the U.S. and BRICS countries if they continue efforts to de-dollarize. This statement follows previous threats made by Trump in November regarding the potential creation of a BRICS currency alternative to the U.S. dollar.
View original story
Similar markets
Brazil • 20%
China • 20%
Other • 20%
India • 20%
Russia • 20%
Russia • 25%
Brazil • 25%
China • 25%
India • 25%
Brazil • 25%
China • 25%
India • 25%
Russia • 25%
China • 20%
South Africa • 20%
Brazil • 20%
India • 20%
Russia • 20%
India • 20%
South Africa • 20%
China • 20%
Russia • 20%
Brazil • 20%
India • 20%
Russia • 20%
South Africa • 20%
China • 20%
Brazil • 20%
Brazil • 20%
South Africa • 20%
China • 20%
India • 20%
Russia • 20%
Brazil • 14%
Russia • 14%
India • 14%
China • 14%
South Africa • 14%
Saudi Arabia • 14%
Iran • 14%
China • 20%
South Africa • 20%
Brazil • 20%
Russia • 20%
India • 20%