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.

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?

Trump flunks Foreign Relations 101 with basic BRICS mix-up Donald Trump had a perfect opportunity to flaunt his purported “genius” brain and dealmaking prowess during a Monday press conference ...

President Donald Trump reiterated his threat of 100% tariffs against BRICS nations, demanding that they pledge not to challenge the U.S. dollar.

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 ...

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 ...

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 group, which seeks to rebalance the global order away from the West, will meet on Tuesday. Here’s a primer. By Amelia Nierenberg Leaders of BRICS, a group of emerging market nations that ...

The BRICS acronym contains the initial letters of original members Brazil, Russia, India and China, plus South Africa, which joined the organization the year after its foundation in 2009.

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 ...