BRICS Summit 2026: Will Trump Raise Tariffs Again Over Modi-Putin-Xi Meeting?
Cooperation areas
Source: ABP News | Original Published At: 2026-09-11 12:46:20 UTC
Key Points
- The BRICS summit scheduled for 12-13 September in Delhi is expected to feature Prime Minister Narendra Modi, Russian President Vladimir Putin, and Chinese President Xi Jinping together.
- The article examines how US President Donald Trump may react to the leaders' meeting and whether tariffs could rise again.
- Trump imposed 25% tariffs on India in 2025 and an additional 25% penalty for buying Russian oil, later reduced to 18% in February 2026 and raised back to 50% in August 2026.
- In August 2026, Trump warned of an extra 10% tariff on countries supporting BRICS anti-US policies and a 100% tariff if BRICS countries try to replace the dollar with a new currency.
- Experts say a major BRICS announcement on local currency, payment systems, trade, or energy could increase US anger and tariff risks.
- India has said BRICS is non-Western, not anti-Western, and opposes a common BRICS currency while promoting local-currency trade.
- India is also negotiating a trade agreement with the United States, seeking to maintain relations with Washington while participating in BRICS.