Spain is not in BRICS, whose initials stand for Brazil, Russia, India, China and South Africa. Spain is a member of NATO, along with the U.S., and of the European Union.

On his first day, the president said Spain is a member of the Brics bloc of developing economies, causing some head-scratching and jitters over possible tariffs in Madrid. Spain is not in Brics.

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And if the BRICS nations want to do that, that’s okay, but we’re going to put at least a 100% tariff on the business they do with the United States. You know what the BRICS is, right?

President-elect Donald Trump said he would require countries that are part of BRICS — a China- and Russia-backed group of emerging economies — to commit to not creating new currency or face ...

BRICS countries seek to build an alternative to what they see as the dominance of the Western viewpoint in major multilateral groupings, such as the World Bank, the Group of Seven (G7), and the UN ...

BRICS leaders, including Russian President Vladimir Putin and Chinese leader Xi Jinping, have publicly voiced their commitment to jointly introduce an alternative payment system that would not be ...

President-elect Trump on Saturday threatened the developing countries known the the BRICS bloc with "100% tariffs" if they try to move away or replace the dollar.

The three Middle Eastern countries that have joined BRICS, for instance, are not just seeking a shift away from the West. Their decision is more likely a part of the continuing process of economic ...

The BRICS countries — led by Brazil, Russia, India, China and South Africa — are actively working to reduce their reliance on the U.S. dollar in international trade, a process known as de ...

Trump erroneously said Spain was in BRICS when a journalist asked him about NATO countries like Spain which don’t meet the NATO minimum of spending 2% of economic output on defense.

The comment caused confusion in Madrid and raised concerns about potential tariffs. Why It Matters. Spain is a NATO and European Union member but is not part of BRICS, which represents a coalition ...