The BRICS bloc is made up of 11 nations, with Brazil, Russia, India, China, and South Africa making up the core group. The bloc has drawn Trump's ire before.

Donald Trump warned on Sunday that any country aligning with what he described as the “anti-American” policies of the Brics bloc would face an additional 10 per cent tariff. “There will be no exceptions to this policy,” the US president declared on his Truth Social platform without specifying any nation or policy.

Trade restrictions may worsen ‘economic disparities’ and affect ‘prospects for global economic development’: Brics declaration.