BRICS: US & China Agree to Tariff Pause, But Who’s Next?
Amid the concerns of a brewing trade war between the United States and the BRICS nations, the US and China have agreed to a tariff pause, with all eyes on who could be next. In early April, the Western country implemented a sweeping global 10% tariff on all nations. After Beijing reached an agreement for a 90-day pause, there was hope that a full trade deal could follow.China’s stand was one of the most influential in the entire BRICS alliance. Last month, the economic bloc agreed to remain aligned on its dealings with the United States regarding its import duty increases. Subsequently, there could be a string of signed agreements with various nations in the collective.