Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar
apnews.com
His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.
  • Parade du Grotesque@lemmy.sdf.org
    14·
    5 months ago

    It used to be BRIC (Brazil, India, China, Russia) or BRICS (same + South Africa). In the article, it has been extended again to other nations, therefore “so-called” because its membership is not the same anymore. Also, the membership seems very informal, it’s just a bunch of countries maintaining ties and having discussions, not a real group of countries, with its own set of rules and institutions.