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Trump’s attacks draw India, Brazil, South Africa closer

Mint Chennai

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November 24, 2025

US President Donald Trump’s targeted attacks against three of the world’s major emerging economies are prompting leaders of those countries to forge closer ties and push back against his aggressive trade policies.

- Bloomberg feedback@livemint.com

Leaders from India, Brazil and South Africa met in Johannesburg on the sidelines of the Group of 20 summit on Sunday to give greater importance to a trilateral grouping, the so-called IBSA forum. It’s the first time in more than a decade that the leaders are gathering under the auspices of the grouping, although foreign ministers have done so regularly over the years.

“Our grouping affirms that diversity is not a fault line but a source of strength,” South African President Cyril Ramaphosa said in opening remarks. “We must position ourselves as co-architects of a more representative and responsive multilateral system.”

Trump has upended Washington’s decades of careful diplomacy to cultivate relations with the three major emerging markets. He's targeted them with high tariffs and publicly rebuked the leaders for their domestic policies.

MEER VERHALEN VAN Mint Chennai

Mint Chennai

Mint Chennai

Maruti to ramp up capacity as GST cuts boost demand

Posts record revenue in Q3 on small car sales; to add capacity of 500,000 units at two plants

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South Korea has sprung to the cutting edge of AI regulation

Seoul's new law aims to make AI deployment sustainable and safe

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Dell to help NxtGen build India's 1st AI factory

US-based Dell Technologies on Tuesday announced that it will provide infrastructure support to India's NxtGen AI Pvt. Ltd for building the country's first and largest dedicated artificial intelligence (AI) factory.

time to read

1 min

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TVS expects strong demand to persist after record Q3

TVS Motor Co. expects the third-quarter momentum to continue as the share of premium motorcycles and scooters rises amid healthy consumer demand.

time to read

1 mins

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HT Media Q3 loss at ₹23.7 cr on new labour codes

HT Media Ltd, the publisher of Mint and Hindustan Times newspapers, on Wednesday reported widening of its consolidated net loss to ₹23.70 crore for the December quarter on account of provisions related to the implementation of the new labour codes.

time to read

1 min

January 29, 2026

Mint Chennai

Maruti, Hyundai may bear brunt of South Africa’s tariff hike plan

Just a month after Mexico doubled tariffs on car imports, South Africa is considering the option, in a one-two punch that threatens Indian automobile exports of over $2 billion.

time to read

1 mins

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Mint Chennai

Bonds flash red as debt wave nears

Indian fixed-income yields have shot up across segments as investors fret that an estimated record ₹30 trillion ($327 billion) of government bond supply in FY27 could complicate the Reserve Bank of India’s (RBI's) task of managing a falling rupee and rising rates.

time to read

1 min

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Mint Chennai

SBI Life reports 5% rise in Q3 profit

India’s SBI Life Insurance reported a near 5% rise in third-quarter profit on Wednesday, aided by higher premium collections as tax cuts spurred retail demand for insurance products.

time to read

1 min

January 29, 2026

Mint Chennai

Mint poll finds high demand for populist budget

Major relaxations in direct and indirect taxes announced last year appear to have found favour with the population, but expectations for more still run high ahead of the Budget, a Mint readers' poll suggests.

time to read

1 min

January 29, 2026

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The sonic presence of the nightclub singer

An excerpt from a new book on female vocalists in Hindi cinema looks at the influence of nightclub songs on films in the 1950s-60s

time to read

3 mins

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