The BRICS bloc has criticized rising tariffs and attacks on Iran in its latest summit declaration. Meeting in Rio de Janeiro on Sunday, the group also condemned NATO’s increased military spending and expressed concerns about global trade disruptions caused by tariffs.

President Donald Trump threatened to add a 10% tariff rate on BRICS-aligned countries. The term first applied to 4 countries but the group expanded.

US president vowed to impose added tariffs of 10 per cent on imports from Brics members for pursuing ‘anti-American policies’.