Peter Navarro, Senior Counsellor for Trade and Manufacturing for US President Donald Trump decried the BRICS alliance and called the member countries 'vampires' whose unfair trade practices are affecting American coffers.
The growing influence of countries like India and China is reshaping the global economic landscape, shifting the focus from G7 nations to the BRICS alliance, according to a recent report by EY India.
“We officially applied to join the BRICS group, we sent a letter asking to be shareholder members in the bank ... Algeria's first contribution in the bank will be USD 1.5 billion,” An-Nahar Al-Jadid quoted Tebboune as saying.